India to Roll Out Shipbuilding Policy

08 Jul 2024 CW Team

India is poised to launch a new shipbuilding policy with the ambitious goal of securing a place among the top 10 global shipbuilding nations. This strategic initiative, led by the Ministry of Ports, Shipping, and Waterways, aims to enhance India's maritime infrastructure and boost the nation's economic growth. T.K. Ramachandran, the ministry's secretary, emphasized the policy's significance in positioning India as a key player in the international shipbuilding industry.

The upcoming policy is expected to address several critical areas to strengthen the country's shipbuilding capabilities. These include enhancing shipyard infrastructure, promoting technological advancements, and fostering a skilled workforce. By improving these aspects, the policy aims to increase India's competitiveness in the global market and attract significant investments in the maritime sector.

One of the core objectives of the new policy is to modernize existing shipyards and establish new ones equipped with state-of-the-art facilities. This modernization effort will involve adopting advanced technologies and best practices from leading shipbuilding nations. By doing so, India aims to boost its production efficiency, reduce construction time, and improve the quality of its vessels.

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