Stories
India Pledges World-Class Shipbuilding Ecosystem Amid Global Maritime Shifts
- •Shipping Minister Sarbananda Sonowal stated that India is determined to build a world-class shipbuilding ecosystem and a skilled seafaring workforce.
- •Speaking at the third Sagarmanthan-The Ocean Dialogue, Sonowal emphasized India's civilisational bond with the sea and its commitment to resilient supply chains and green shipping corridors.
- •India is offering the world a maritime model rooted in trust, capability, and mutual benefit to navigate global maritime disruptions.
- •Union Minister of State Shantanu Thakur highlighted that India's port-led development and new-generation maritime laws are building regional capacity and energy security.
Key Questions Answered
Amid global maritime disruption, Shipping Minister Sarbananda Sonowal announced that India is determined to establish a world-class shipbuilding ecosystem, resilient supply chains, green shipping corridors, and a skilled seafaring workforce. Union Minister Shantanu Thakur added that port-led development and new-generation maritime laws are strengthening regional capacity and energy security.
The Shipping Corporation of India (SCI) is playing a central role in India's mission to become a top shipbuilding and maritime nation under the Maritime Amrit Kaal Vision 2047. Celebrating its 65th anniversary, the Navratna PSU operates 58 diverse vessels and expects its Profit After Tax to surpass Rs 2,000 crore this fiscal year.
India possesses key building blocks including established shipyards, modern maritime laws, maritime expertise, and a fleet of ocean-going vessels. While China currently dominates global shipbuilding with about 55% of the market, India is scaling up its commercial capacity and seeing increased demand from international shipping companies.
