Is India Targeting an Investment of Rs 1.82 Lakh Crore in the Shipbuilding Sector?
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Synopsis
India is on the verge of a maritime revolution, with plans to invest Rs 1.82 lakh crore in the shipbuilding sector. Union Minister Sarbananda Sonowal reveals ambitious goals to elevate India to a top position globally while emphasizing sustainability and self-reliance. Discover how this investment could transform India's maritime landscape.
Key Takeaways
- Investment of Rs 1.82 lakh crore in shipbuilding.
- Goal to rank among the top five global shipbuilding nations.
- Focus on sustainability and self-reliance in maritime industry.
- MSMEs will be pivotal for industry growth.
- Establishment of specialized maritime technology institutions.
New Delhi, Sep 27 (NationPress) Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, announced on Saturday that India is aiming for an investment of approximately Rs 1.82 lakh crore in the shipbuilding and maritime sector, positioning the nation to become one of the top maritime powers globally.
The proposed financial backing will support shipbuilders in constructing vessels of varying sizes, thereby enhancing the country's readiness for upcoming demands, the minister highlighted.
In a discussion with NDTV Profit, Sonowal emphasized that the government's objective is to rank India among the world's top five in shipbuilding by developing a comprehensive ecosystem.
The minister underlined the importance of supply chain resilience, stating that MSMEs will play a pivotal role in the industry's growth. He mentioned ongoing discussions between Indian shipbuilders and international partners to attract cooperation and investment.
Sonowal credited Prime Minister Narendra Modi's vision over the past 11 years for transforming shipping into a vital infrastructure component.
Plans are underway to establish specialized maritime technology institutions across the country, along with shipbuilding and repair clusters.
He also pointed out the benefits of self-sufficiency, indicating that India could save nearly Rs 4.5 lakh crore by manufacturing ships domestically. Achieving self-reliance in shipbuilding has become a strategic national focus as global interest in India's maritime sector increases.
Earlier this week, the minister inaugurated India’s first fleet of electric heavy trucks with swappable batteries at the Nhava Sheva Distribution Terminal of the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai.
This initiative significantly boosts sustainable logistics, making JNPA home to the largest fleet of electric trucks at any Indian port.
Additionally, a robust battery swapping station has been launched, with plans for JNPA to convert 90% of its fleet of 600 heavy trucks to electric by December 2026.
Point of View
The initiative to invest in the shipbuilding sector reflects India’s commitment to enhancing its maritime capabilities. The government’s focus on self-reliance and sustainability aligns with global trends, positioning India strategically in the maritime domain. It's crucial for the nation to build a robust ecosystem that supports both local industry and international partnerships.
NationPress
27/09/2025
Frequently Asked Questions
What is the expected investment in India's shipbuilding sector?
India is aiming for an investment of around Rs 1.82 lakh crore in the shipbuilding and maritime sector.
Who is the Union Minister of Ports, Shipping and Waterways?
The current Union Minister of Ports, Shipping and Waterways is Sarbananda Sonowal.
What are the benefits of investing in shipbuilding?
Investing in shipbuilding can lead to enhanced maritime capabilities, self-reliance, and significant cost savings for the country.
How will MSMEs contribute to the shipbuilding sector?
MSMEs are expected to play a crucial role in the growth of the shipbuilding industry by providing support and services.
What recent initiatives has the minister announced?
The minister recently flagged off India's first fleet of electric heavy trucks at the Jawaharlal Nehru Port Authority.
