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India to set up two mega shipbuilding parks by 2030.

India to set up two mega shipbuilding parks by 2030.
blog image
Maritime

India to set up two mega shipbuilding parks by 2030.

India is gearing up to establish two operational Mega shipbuilding parks by 2030, aiming to tap into the $100 billion global shipbuilding market, according to Sarbananda Sonowal, the minister for ports, shipping, and waterways. He outlined that the immediate objective is to create four Mega shipbuilding parks, with two set to be developed on the East Coast and two on the West Coast of India. States such as Gujarat, Maharashtra, Odisha, and Andhra Pradesh are showing promising progress in this initiative, demonstrating their commitment to support these projects. Sonowal highlighted that these states have reiterated their plans during discussions at the 20th Maritime State conference, signalling strong local backing for the venture. The establishment of these parks is expected to enhance India’s shipbuilding capacity, create jobs, and boost the economy, while also positioning the country as a significant player in the global maritime industry. With the strategic development of infrastructure and favourable policies, India aims to attract both domestic and international investments in shipbuilding, ultimately fostering innovation and growth in this crucial sector.


18 Sep 24
blog image
Maritime

India to set up two mega shipbuilding parks by 2030.

India is gearing up to establish two operational Mega shipbuilding parks by 2030, aiming to tap into the $100 billion global shipbuilding market, according to Sarbananda Sonowal, the minister for ports, shipping, and waterways. He outlined that the immediate objective is to create four Mega shipbuilding parks, with two set to be developed on the East Coast and two on the West Coast of India. States such as Gujarat, Maharashtra, Odisha, and Andhra Pradesh are showing promising progress in this initiative, demonstrating their commitment to support these projects. Sonowal highlighted that these states have reiterated their plans during discussions at the 20th Maritime State conference, signalling strong local backing for the venture. The establishment of these parks is expected to enhance India’s shipbuilding capacity, create jobs, and boost the economy, while also positioning the country as a significant player in the global maritime industry. With the strategic development of infrastructure and favourable policies, India aims to attract both domestic and international investments in shipbuilding, ultimately fostering innovation and growth in this crucial sector.


18 Sep 24
blog image
Maritime

India to set up two mega shipbuilding parks by 2030.

India is gearing up to establish two operational Mega shipbuilding parks by 2030, aiming to tap into the $100 billion global shipbuilding market, according to Sarbananda Sonowal, the minister for ports, shipping, and waterways. He outlined that the immediate objective is to create four Mega shipbuilding parks, with two set to be developed on the East Coast and two on the West Coast of India. States such as Gujarat, Maharashtra, Odisha, and Andhra Pradesh are showing promising progress in this initiative, demonstrating their commitment to support these projects. Sonowal highlighted that these states have reiterated their plans during discussions at the 20th Maritime State conference, signalling strong local backing for the venture. The establishment of these parks is expected to enhance India’s shipbuilding capacity, create jobs, and boost the economy, while also positioning the country as a significant player in the global maritime industry. With the strategic development of infrastructure and favourable policies, India aims to attract both domestic and international investments in shipbuilding, ultimately fostering innovation and growth in this crucial sector.


18 Sep 24