{"id":53745,"date":"2025-09-11T19:15:53","date_gmt":"2025-09-11T13:45:53","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=53745"},"modified":"2025-09-13T10:53:00","modified_gmt":"2025-09-13T05:23:00","slug":"india-top-five-shipbuilding-nations-2047","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/11-09-2025\/india-top-five-shipbuilding-nations-2047","title":{"rendered":"India set to be Among Top Five Shipbuilding Nations by 2047"},"content":{"rendered":"\n<p><strong>Syllabus: GS3\/Infrastructure<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>With less than 1% share in global shipbuilding<\/strong> currently, <strong>India <\/strong>is on course to be among the <strong>world\u2019s top five countries in this arena by 2047.<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About Shipbuilding<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Shipbuilding<\/strong> refers to the <strong>construction, repair, and maintenance of vessels<\/strong> used for<strong> transportation, defense, and trade.&nbsp;<\/strong>\n<ul class=\"wp-block-list\">\n<li>Shipbuilding is carried out in specialised facilities called <strong>shipyards<\/strong>, which are equipped to handle large-scale projects and complex assembly processes.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Asia-Pacific was the largest region<\/strong> in the ship building and repairing market, accounting for 49% or $118.12 billion of the total in 2023.\n<ul class=\"wp-block-list\">\n<li>It was followed by<strong> Western Europe, North America and then the other regions.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Currently,<strong> India holds only 0.06% <\/strong>of the global shipbuilding market, a stark contrast to the dominance of China, South Korea, and Japan, which collectively control 85% of the industry.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>India\u2019s Maritime Sector<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It currently contributes <strong>4% to India\u2019s GDP<\/strong> and<strong> just 1% <\/strong>of <strong>global tonnage,<\/strong> the vision is to raise its share to <strong>12% of national GDP.<\/strong>\n<ul class=\"wp-block-list\">\n<li>India has a clear goal of ranking among the <strong>top 10 maritime nations by 2030 and among the top 5 by 2047 from the current position of 16th.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Indian seafarers<\/strong> already represent <strong>12% of the global workforce<\/strong>.\n<ul class=\"wp-block-list\">\n<li>India has a goal to expand this to around <strong>25%,<\/strong> making shipbuilding and repair central to this transformation.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>The <\/strong><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/27-12-2024\/indias-maritime-sector\"><strong>maritime sector<\/strong> <\/a>handles <strong>95% of India\u2019s trade by volume<\/strong>, underscoring its pivotal role in the economy<\/li>\n\n\n\n<li><strong>Cargo management <\/strong>at Indian ports <strong>rose by 4.45% in FY24,<\/strong> reaching 819.22 million tonnes.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Factors Favouring India\u2019s growth of shipbuilding industry in India<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Strategic location:<\/strong> India&#8217;s extensive coastline and proximity to major shipping routes provide a natural advantage for shipyards, helping reduce transportation costs and turnaround times.<\/li>\n\n\n\n<li><strong>Competitive labour costs: <\/strong>India offers a competitive edge with lower labour costs compared to other shipbuilding nations, making it an attractive option for international clients.<\/li>\n\n\n\n<li><strong>Focus on niche segments:<\/strong> Indian shipyards are specialising in categories like offshore support vessels, dredgers, and ferries, targeting specific market demands.&nbsp;<\/li>\n\n\n\n<li><strong>Government support: <\/strong>Policy initiatives such as the Scheme for Financial Assistance to Shipyards in India (SFAS) and a focus on enhancing indigenous shipbuilding capabilities are driving growth in the shipbuilding sector.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Challenges&nbsp;<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Infrastructure Gaps:<\/strong> Inadequate port infrastructure and outdated facilities at some ports, limiting capacity and efficiency.<\/li>\n\n\n\n<li><strong>Congestion:<\/strong> High traffic volumes at major ports leading to delays, increased turnaround times, and reduced productivity.<\/li>\n\n\n\n<li><strong>Environmental Concerns:<\/strong> Pollution and sustainability issues, including emissions from ships and port operations.<\/li>\n\n\n\n<li><strong>Logistics Bottlenecks:<\/strong> Inefficient transport connectivity between ports, roads, and railways, impacting smooth cargo movement.<\/li>\n\n\n\n<li><strong>Global Competition:<\/strong> Rising competition from other global maritime hubs, necessitates continuous investment and modernization.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Government Initiatives<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Sagarmala Programme: <\/strong>Focuses on leveraging India\u2019s coastline and of navigable waterways.\n<ul class=\"wp-block-list\">\n<li>Supports port infrastructure, coastal development, and connectivity.<\/li>\n\n\n\n<li>Financial aid for projects like coastal berths, rail\/road connectivity, fish harbours, and cruise terminals.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/22-03-2023\/maritime-india-vision-miv-2030\" data-type=\"link\" data-id=\"https:\/\/www.nextias.com\/ca\/current-affairs\/22-03-2023\/maritime-india-vision-miv-2030\">Maritime India Vision 2030 (MIV 2030)<\/a>: <\/strong>Aiming for India to become a top 10 shipbuilding nation by 2030 and create a world-class, efficient, and sustainable maritime ecosystem.\n<ul class=\"wp-block-list\">\n<li>Includes 150+ initiatives across ten key maritime sectors.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Inland Waterways Development: <\/strong>26 new national waterways identified by the Inland Waterways Authority of India (IWAI).\n<ul class=\"wp-block-list\">\n<li>Provides alternative, sustainable transport, easing road\/rail congestion.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Green Tug Transition Program (GTTP): <\/strong>Aims to replace fuel-based harbour tugs with eco-friendly, sustainable fuel-powered tugs.\n<ul class=\"wp-block-list\">\n<li>Transition to be completed by 2040 across major ports.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Sagarmanthan Dialogue: <\/strong>An annual maritime strategic dialogue to position India as a global center for maritime conversations.<\/li>\n\n\n\n<li><strong>Maritime Development Fund: <\/strong>\u20b925,000 crore fund for long-term financing to modernize ports and shipping infrastructure, encouraging private investment.<\/li>\n\n\n\n<li><strong>Shipbuilding Financial Assistance Policy (SBFAP 2.0): <\/strong>Aimed at providing direct financial subsidies to Indian shipyards to help Indian shipyards compete with global giants.<\/li>\n\n\n\n<li><strong>The Cruise Bharat Mission: <\/strong>It was launched in 2024, aims to develop 100 river cruise terminals, 10 sea cruise terminals, and five marinas, while doubling passenger numbers by 2029.&nbsp;<\/li>\n\n\n\n<li><strong>The Indian Ports Act, 2025,<\/strong> replaced an old 1908 law, created a Maritime State Development Council for better national planning, gave more power to state maritime boards to manage smaller ports, and set up a way to resolve disputes at the state level.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/epaper.thehindu.com\/ccidist-ws\/th\/th_international\/issues\/147621\/OPS\/GLRERMCBN.1+GT9ESMTGL.1.html\" rel=\"nofollow noopener\" target=\"_blank\"><strong>TH<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<h3><strong>Context<\/strong><\/h3>\n<li class=\"ms-5\">With less than 1% share in global shipbuilding currently, India is on course to be among the world\u2019s top five countries in this arena by 2047.\u00a0<\/li>\n<p><\/p>\n<h3><strong>About Shipbuilding<\/strong><\/h3>\n<li class=\"ms-5\">Shipbuilding refers to the construction, repair, and maintenance of vessels used for transportation, defense, and trade.\u00a0<\/li>\n<li class=\"ms-5\">Shipbuilding is carried out in specialised facilities called shipyards, which are equipped to handle large-scale projects and complex assembly processes.<\/li>\n<li class=\"ms-5\">Asia-Pacific was the largest region in the ship building and repairing market, accounting for 49% or $118.12 billion of the total in 2023.<\/li>\n<li class=\"ms-5\">It was followed by Western Europe, North America and then the other regions.<\/li>\n<p><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/11-09-2025\/india-top-five-shipbuilding-nations-2047\" class=\"btn btn-primary btn-sm float-end\">Read\u00a0More<\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-53745","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/53745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=53745"}],"version-history":[{"count":4,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/53745\/revisions"}],"predecessor-version":[{"id":53849,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/53745\/revisions\/53849"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=53745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=53745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=53745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}