Shipbuilding Orders Totaling Rs 68 Bn Secured in the Last Four Years

07 Dec 2023 CW Team

The shipbuilding sector in India has witnessed remarkable progress over the last four years, with orders totalling Rs 68 billion successfully secured, as highlighted by Sonowal. This substantial influx of orders not only reflects the industry's vibrancy but also signals a strategic advancement in bolstering India's maritime capabilities.

The announcement comes as a testament to the resilience and competitiveness of the Indian shipbuilding industry, positioning it as a key player on the global maritime stage. The substantial order value underscores the confidence and trust vested in the capabilities of Indian shipbuilders, paving the way for sustained growth in the sector.

The surge in shipbuilding orders aligns with the government's focus on strengthening the maritime infrastructure and promoting 'Make in India' initiatives. The strategic investments in this sector are poised to contribute significantly to job creation, technology advancement, and economic development.

Sonowal's announcement emphasises the positive trajectory of the shipbuilding industry, showcasing its ability to attract substantial contracts and propel India's standing in the international maritime domain. As the sector continues to flourish, it is expected to play a pivotal role in enhancing the country's maritime prowess and fostering a robust ecosystem for related industries. The significant orders secured in the past four years mark a milestone in the ongoing efforts to build a resilient and globally competitive shipbuilding sector in India

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