India plans two shipbuilding parks by 2030, boosting global market presence.
India is set to establish two mega shipbuilding parks by 2030, aiming to capture a portion of the $100 billion global shipbuilding market. The parks will be strategically located on the East and West coasts, with states like Gujarat, Maharashtra, Odisha, and Andhra Pradesh leading the initiative.
Union Minister Sarbananda Sonowal emphasised that the government will develop essential infrastructure like roads, utilities, and land allocation. Private sector companies will provide cranes, dry docks, and skilled labour for ship construction. The project will enable India to build larger vessels with up to 3 million tonnes of cargo capacity.
Additionally, the plan includes developing Places of Refuge for distressed ships along both coasts to enhance maritime safety. A new umbrella organisation will coordinate the maritime industry, while an arbitration centre in Mumbai will handle disputes, further strengthening India’s maritime sector.
