Is India Set to Become One of the Top Shipbuilding Nations?
Synopsis
India's maritime sector is on the verge of a significant transformation! Union Minister Pralhad Joshi reveals that the nation aims to be among the top 10 shipbuilding countries by 2030 and ranks among the top economies by 2047. Explore how India is enhancing its maritime capabilities and trade efficiency.
Key Takeaways
India aims for top 10 shipbuilding status by 2030.
New Mangalore Port is key to economic growth.
Government prioritizes logistics cost reduction.
Technological advancements at ports enhance efficiency.
Long-term goal to handle 10,000 million metric tonnes of cargo.
Mangaluru, Nov 13 (NationPress) Union Minister for New and Renewable Energy Pralhad Joshi stated that India’s maritime sector is experiencing rapid growth, with the nation anticipated to rank among the world’s top 10 shipbuilding countries by 2030.
During the Golden Jubilee celebrations at the New Mangalore Port Authority on Thursday, Joshi conveyed his optimism that India will be among the top five global economies by 2047, under the vision of Prime Minister Narendra Modi.
“With the guidance and support of Prime Minister Modi, India’s shipbuilding capacity has significantly improved. Our production capabilities have also expanded alongside service activities,” Joshi remarked.
He highlighted the crucial role of the port sector in enhancing India’s exports. To foster export activities and improve trade efficiency, the Central Government is focused on minimizing logistics costs, he noted.
The New Mangalore Port, located on India’s west coast, is one of Karnataka’s key ports and ranks as the seventh largest in the nation. “It has uniquely contributed to India’s economic growth, maritime trade, and the industrial advancement of southern India,” Joshi emphasized.
India has made remarkable strides in maritime trade through port modernization, better coastal connectivity, and attracting global investments.
“These initiatives have established India as a formidable hub in the global maritime economy,” he stated.
“With Prime Minister Modi’s leadership, India has become the world’s fourth-largest economy and is on track to soon be the third-largest. Competing with major powers like the United States and China, India is making notable progress in enhancing manufacturing and exports,” Joshi indicated.
Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal, who chaired the event, mentioned that the New Mangalore Port Authority (NMPA) is projected to manage 100 million tonnes of cargo in the next 22 years.
“It is Prime Minister Modi’s vision that by 2047, Indian ports should handle 10,000 million metric tonnes of cargo. We are confident in achieving this goal under his leadership,” Sonowal expressed.
He also pointed out that NMPA has attained the status of being a 100% solar-powered and green port.
“Several cutting-edge technological initiatives have been implemented, including robotic firefighting systems and drone surveillance of the port,” he added.
Point of View
It's imperative to recognize the strategic importance of India's maritime ambitions. The government's focus on enhancing shipbuilding capabilities and port modernization reflects a forward-thinking approach to bolster the economy. This initiative not only elevates India on the global stage but also fosters sustainable growth within the maritime sector, ensuring long-term benefits for the nation.
NationPress
11 May 2026
Frequently Asked Questions
What is India’s shipbuilding goal for 2030?
India aims to become one of the top 10 shipbuilding nations by 2030, as stated by Union Minister Pralhad Joshi.
How does the government plan to improve the port sector?
The government is prioritizing the reduction of logistics costs to enhance export activities and improve trade efficiency.
What role does the New Mangalore Port play in India's economy?
The New Mangalore Port is crucial for India's economic development and maritime trade, being one of the largest ports in the country.
What technological advancements are being implemented at the New Mangalore Port?
The port has introduced robotic firefighting systems and drone surveillance to enhance safety and efficiency.
What is the long-term vision for Indian ports?
By 2047, the vision is for Indian ports to handle 10,000 million metric tonnes of cargo, as articulated by Union Minister Sarbananda Sonowal.
