The Modi government is intensifying efforts to position India as a major global maritime hub, with plans to invest Rs 75,000 crore in establishing three new shipyards along the country’s east and west coasts, according to sources. This substantial investment, spread over four to five years, will enable the shipyards to both build and repair vessels. According to the Union Ports Ministry, the government aims to develop three greenfield shipbuilding clusters while also supporting the expansion of existing shipyards through brownfield projects. “Each greenfield cluster is expected to attract around Rs 25,000 crore in investment, though the final figures may vary depending on the selected locations and the scale of the shipyards,” the ministry stated. The government has revealed that five states are currently in discussions with both domestic and international shipbuilders to identify the most suitable locations for the upcoming shipyards. One of these facilities may also house a shipbreaking unit, which could supply raw materials for shipbuilding activities. The Ministry of Ports, Shipping, and Waterways (MoPSW) stated, “MoPSW is in the process of finalizing schemes to support the development of these greenfield clusters. Additionally, a dedicated scheme is being prepared to aid the brownfield expansion of existing shipyards.” Greenfield projects involve building entirely new facilities from scratch, whereas brownfield projects focus on expanding or upgrading existing infrastructure. The total proposed investment of Rs 75,000 crore is expected to come from a combination of central government funding and contributions from various firms. Indian state-owned companies are also actively seeking partnerships with international shipbuilders, particularly from countries like South Korea and Japan, to bolster their shipbuilding capabilities.India’s public sector shipbuilders are actively pursuing joint ventures with Korean counterparts, while parallel talks are ongoing with both Japanese and Korean firms regarding their involvement in the proposed shipbuilding clusters. A major push for “Make in India”  -- This shipbuilding drive is a key component of the government’s broader “Make in India” initiative, aimed at enabling domestic production of ships across all categories. The strategy also focuses on boosting the number of cargo ships that are built, owned, and flagged in India. Currently, India’s presence in the global shipbuilding market is less than 1%. The government plans to raise the share of Indian-built ships in the national fleet from 5% to 7% by 2030 and ambitiously targets 69% by 2047. Shipping Secretary T.K. Ramachandran confirmed that five states—Andhra Pradesh, Odisha, Tamil Nadu, Gujarat, and Maharashtra—are under consideration for establishing the shipbuilding clusters. Among them, Tamil Nadu, Gujarat, and Odisha have already been finalised for the first three clusters. These states have moved quickly, with land identified and notified for the projects. They have also established special purpose vehicles (SPVs) and commissioned techno-economic feasibility reports (TEFRs) to advance the initiative. Preliminary viability assessments have already been carried out at several proposed sites, with additional studies underway. According to the Ministry, shipbuilders will be briefed on the findings and encouraged to invest in the selected locations. Anshuman Magazine, Chairman & CEO for India, Southeast Asia, the Middle East, and Africa at CBRE, a global real estate consulting firm, commented on the initiative: “A major capital investment through a public-private partnership model is at the core of India’s bold ambition to become a global shipbuilding powerhouse by 2047. While the scale of the challenge is considerable, the opportunity is equally significant.”.... READ MORE AT : https://organiser.org/2025/08/20/309069/bharat/modi-government-launches-ambitious-rs-75000-crore-plan-to-expand-shipbuilding-infrastructure/ (ICE MUMBAI)

Fonte notizia: The Organiser