The government will come up with a new Ship Building and Ship Repair Policy soon to make India top 10 countries in the sector by 2030 and top 5 by 2047. This was stated by Secretary in the Ministry of Ports, Shipping, and Waterways, TK Ramachandran yesterday. He said, if tremendous demand stemming from the needs of the Indian shipping market are adequately targeted by Indian shipyards, it may result in an opportunity to the extent of over 20 lakh crore rupees by 2047. Mr Ramachandran chaired a workshop on the issue yesterday which was attended by more than 100 participants from 50 organisations including various government ministries, departments, shipping operators, and public sector as well as private shipyards. He said, strategies for revitalising the shipbuilding and repair ecosystem within India and aligning it with India’s ambitious Maritime India Vision 2030 (MIV 2030) and Amrit Kaal Vision 2047 were discussed at the meeting. MIV 2030 has set a bold target to elevate India’s global ranking in shipbuilding and ship repair from over 20th place to the top 10 and an ambitious goal has been set for the top 5 position, as outlined in the Amrit Kaal Vision 2047.
The Ministry of Ports, Shipping, and Waterways is working on an integrated approach to bringing together shipbuilding stakeholders through the development of Maritime Clusters.
