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India Targets Shipping and Shipbuilding Self-Reliance by 2047

India aims to be self-reliant in shipping and shipbuilding by 2047: Sonowal · livemint.com

India wants to build more of its own ships and use them to carry its trade.

The goal is to handle all of its exports and imports with Indian-flagged, Indian-built ships by 2047.

The government also wants India to become one of the world’s five biggest shipbuilding countries.

It plans to improve ports, shipyards, ship-repair facilities, and maritime training.

Sonowal said Indian shipyards have already won orders from countries including Germany, the United States, and Norway.

He also said India has more than 323,000 seafarers.

The government has evacuated more than 4,000 Indian seafarers from an area affected by maritime security incidents.

At an international dialogue, India also discussed working with other countries on shipping and waterways.

Key facts

Shipping goal: Handle all export-import trade using Indian-flagged, domestically built ships by 2047.
Shipbuilding ambition: Become one of the world’s top five shipbuilding nations.
Port capacity target: 10,000 million tonnes by 2047.
Seafarers: More than 323,000 Indian seafarers, according to Sonowal.
Port turnaround: Container turnaround time has fallen from more than 35 hours to about 23 hours.
Maritime security response: More than 4,000 Indian seafarers have been evacuated from the affected region.
Dialogue participation: The third Sagarmanthan drew participants from more than 70 countries.

livemint.com · 2 hrs ago