India Aims for 5% Global Shipbuilding Market Share by 2030

ENA Sectors 2025-09-15 18:27:28 New Delhi, Sep 15 (KNN) India has set an ambitious target to capture 5% of the global shipbuilding market by 2030. Union Minister of State for Ports, Shipping and Waterways Shantanu Thakur announced this vision at the Confederation of Indian Industry (CII) Conference held in Goa. The event was themed Indias Shipbuilding Roadmap towards Maritime Amrit Kal Vision 2047. He emphasised that India is ready to become a major shipbuilding hub by developing world-class infrastructure and embracing cutting-edge technology. To achieve this goal, the government plans to increase Indias global market share through modernisation, automation, and adoption of green and digital shipbuilding practices. Around 10 international-standard shipyards are expected to be developed through public-private partnerships and collaborations with foreign players. These shipyards will be equipped with advanced technologies like digital twin systems to improve efficiency and productivity. A new National Shipbuilding Policy is also being drafted to streamline regulations, offer tax incentives, and create a 10-year roadmap for the industry. The government is encouraging innovation in electric propulsion systems, carbon capture technology, and automation in shipbuilding. Hackathons and increased R&D investments are planned to promote technological advancements in the sector. Green and sustainable shipping is a major focus. By 2047, at least 30% of Indias shipping fleet is planned to run on cleaner fuels such as LNG, methanol, and hydrogen. Dedicated green shipping corridors and the use of inland green vessels will also be promoted to cut emissions. Additionally, the government is pushing for port modernisation, improved multimodal connectivity under PM Gati Shakti, and the development of coastal industrial clusters near shipyards. These steps aim to reduce logistics costs and boost supply chain efficiency. Plans are also underway to train 50,000 workers in shipbuilding by 2030 and strengthen R&D in autonomous and green vessels. These measures are part of Indias broader goal to boost its blue economy, enhance self-reliance under Atmanirbhar Bharat, lower logistics costs, and align with global sustainability and net-zero emission targets. (KNN Bureau) 43510 https://knnindia.co.in/news/newsdetails/sectors/india-aims-for-5-global-shipbuilding-market-share-by-2030 2025-09-15 18:27:28 knnindia.co.in India Aims for 5% Global Shipbuilding Market Share by 2030