New Delhi, December 19:
India’s shipbuilding industry is experiencing a significant boom, with orders worth Rs 2.3 trillion and government-backed investments totaling Rs 697 billion aimed at strengthening maritime infrastructure and capacity. Officials said the surge reflects growing global demand and India’s push for self-reliance in ship production.
The government’s maritime initiative focuses on modernising shipyards, promoting domestic manufacturing, and enhancing the country’s strategic naval and commercial capabilities. Authorities highlighted that these investments will support both defence and commercial shipbuilding, including cargo vessels, tankers, and specialised maritime crafts.
Industry experts said the boost is expected to generate employment, attract foreign collaboration, and position India as a key player in global shipbuilding. Officials also emphasised that strengthening domestic shipbuilding aligns with the nation’s broader maritime security and economic goals.
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