Archive · 7 Nov 2025
India Plans Overseas Roadshows to Boost Shipbuilding Investment
Imagine India wants to build lots of big ships, like the ones that carry goods across the ocean.
Right now, India isn't building as many as it used to, and other countries like China and South Korea are building a lot more.
So, India is planning to go to countries like Japan and South Korea, where many big ship companies are, to invite them to build ships in India.
They are offering a lot of money, about 70,000 crore rupees, to help make this happen.
India also wants to learn new technologies to build modern, eco-friendly ships.
The goal is to become one of the best ship-building countries in the world by 2030 and even better by 2047.
They also want to improve facilities for repairing ships and recycling old ones.
India's Ministry of Ports, Shipping and Waterways is planning overseas roadshows to attract investment in shipbuilding, repair, and maritime technology.
The roadshows will target key maritime nations like Japan, South Korea, and Scandinavian countries.
This initiative is supported by a ₹70,000-crore financial package approved to boost the maritime sector.
India aims to become a top 10 shipbuilding nation by 2030 and a top 5 nation by 2047, with a focus on technology transfer and partnerships.
The strategy includes developing shipbuilding clusters, improving repair facilities, and expanding ship recycling capabilities.
- Who
- India's Ministry of Ports, Shipping and Waterways, government officials, and industry players
- What
- Planning overseas roadshows to attract foreign investment in shipbuilding, repair, and maritime technology.
- When
- Likely in the last quarter of the current fiscal year and early part of the next fiscal year.
- Where
- Japan, South Korea, and some Scandinavian nations.
- Why
- To revive India's shipbuilding prowess, attract investment, facilitate technology transfer, and achieve self-reliance in the maritime economy.
India's Strengths and Potential
Challenges and Competition
Global Shipbuilding Market Share
India's Strengths and Potential
India aims to increase its global shipbuilding share from its current 22nd position to become one of the top 10 nations by 2030 and top 5 by 2047.
Challenges and Competition
The global shipbuilding market is dominated by China, South Korea, and Japan, with India's share currently below 1% from a high of 1.5% in the early 2000s.
Investment Attraction Strategy
India's Strengths and Potential
Focus on attracting Japanese and Korean companies for shipbuilding and repair through a ₹70,000-crore financial package, aiming for technology transfer and long-term partnerships.
Challenges and Competition
Potential competition in ship recycling from countries like Bangladesh and Pakistan due to higher yields and limited regulatory compliance, despite India being a market leader with 25% share.
Ecosystem Development
India's Strengths and Potential
Developing a comprehensive shipbuilding ecosystem including policy, incentives, and infrastructure, with initiatives for ship repair and recycling, leveraging Amrit Kaal Vision 2047.
Challenges and Competition
Existing shipbuilding hubs like Busan and Yokohama have evolved into vibrant ecosystems; India aims to replicate this momentum, but faces the challenge of evolving into integrated hubs from coastal belts.
- Ministry
- Ports, Shipping and Waterways
- Financial Package
- ₹70,000 crore
- Investment Targets
- Japan, South Korea, Scandinavian nations
- Ambitious Goal
- Top 10 shipbuilding nation by 2030, Top 5 by 2047
- Current Global Ranking
- 22nd in shipbuilding
- India's Shipyards
- 28 (6 central public sector, 2 state governments, 20 private)
- Global Shipbuilding Market Size
- $70 billion
- Global Ship Repair Market Size
- $12 billion