Driving Maritime Growth: India’s Shipbuilding And Ship Repair Sector

English

India’s maritime sector stands at a critical juncture, presenting a compelling landscape of high-growth opportunities. India boasts a 7,500-km coastline, 12 major ports and over 200 minor ports, as well as a geostrategic position that crosses major shipping lanes. That said, high capital costs, fragmented regulation and reliance on foreign-built vessels have traditionally constrained India’s domestic capacity and deferred foreign investment. 

However, recognising that self-reliance is essential for economic security and industrial growth, the Indian government has initiated sweeping changes to the entire maritime ecosystem – using a combination of financial incentives, capital support and comprehensive legislation modernisation.