Archive · 29 Sep 2025
India's Shipping Sector: Investment, Goals, and Challenges
India wants to be a big player in shipping and shipbuilding!
Right now, most of India's trade uses foreign ships, costing a lot of money.
The government is spending a lot of money to help build more ships in India.
This will help India control its own trade, create jobs, and make the country more secure.
They aim to be among the top shipbuilders by 2030 and even higher by 2047, with China currently dominating.
Indian ships handle only about 5% of India's export-import trade.
India spends $75 billion annually on foreign vessels.
The government announced a ₹69,725 crore package to revitalize the shipping sector.
India aims to be a top 10 shipbuilding nation by 2030.
China dominates the global shipbuilding market, holding over 50% of the capacity.
- Who
- Indian Government, Indian Shipping Industry
- What
- Revitalization of India's shipping and shipbuilding sectors
- When
- September 2024, ongoing
- Where
- India
- Why
- To boost domestic capacity, ensure trade resilience, and improve strategic independence
Current Situation
Government Initiatives
Dependence on Foreign Ships
Current Situation
India relies heavily on foreign vessels for its EXIM trade.
Government Initiatives
The government is implementing policies to reduce dependence on foreign vessels.
- Government Package
- ₹69,725 crore
- India's EXIM Trade Via Indian Ships
- 5%
- Annual Payment to Foreign Vessels
- $75 billion
- India's Shipbuilding Rank Goal (2030)
- Top 10
- Global Shipbuilding Capacity
- 65 mgt
- China's Shipbuilding Share
- 50%
Sources
Can Indian flag ships take India’s share of global maritime trade to 30%?
India's bold maritime legislation to unlock potential of country’s 7,500 km coastline
A look at 3 best fastest growing shipping stocks in India