India is charting a course to become a formidable player in the global shipbuilding arena, leveraging its strategic advantages and implementing targeted initiatives to bolster its maritime industry by Mr. Tribhuvan Darbari

Strategic Advantages

India’s extensive coastline and proximity to major shipping routes position it uniquely to cater to the growing demands of maritime trade. This geographical advantage, combined with a burgeoning economy, provides a solid foundation for the development of a robust shipbuilding sector

Government Initiatives and Investments

The Indian government is proactively fostering the shipbuilding industry through various policy measures and financial incentives. A notable initiative is the establishment of a $3 billion maritime development fund aimed at providing long-term financing for shipbuilding and repair activities. This fund is expected to stimulate infrastructure development and enhance the competitiveness of Indian shipyards.

Additionally, plans are underway to create multiple shipbuilding clusters in collaboration with coastal states. These clusters will serve as hubs of innovation and manufacturing excellence, further strengthening India’s position in the global market. ​

Focus on Green and Sustainable Maritime Practices

India is also prioritizing sustainability within its maritime strategy. The development of green infrastructure at ports, promotion of low-emission shipping, and innovation in low-carbon vessel designs are central to this approach. The establishment of Green Hydrogen Hub Ports at locations such as Kandla, Tuticorin, and Paradip underscores India’s commitment to alternative fuels and reducing the maritime industry’s carbon footprint.

Digitalization and Innovation

Embracing digitalization is another key aspect of India’s maritime vision. The Gujarat International Finance Tec-City (GIFT City) is evolving into a global maritime finance and ship leasing hub, offering a favorable tax and regulatory environment. This initiative aims to provide seamless access to global capital markets, fostering innovation and efficiency within the industry

Collaborations and International Engagements

India is actively seeking collaborations with leading shipbuilding nations such as Japan and South Korea. These partnerships are expected to bring in direct investments, joint ventures, and technology sharing, reflecting global confidence in India’s maritime potential.

Mr. Tribhuvan Darbari, Chairman, National Part of SCO Business Council Secretariat, India, Managing Director & CEO, Texmaco Defence Systems Private Limited & Chief Executive, Texmaco Rail & Engineering Ltd Resident Director, Fertilizer Group Companies (Adventz Group) & Board Director, Simon India Limited (Adventz Group)Stated that “With its strategic initiatives, commitment to sustainability, and focus on innovation, India is poised to emerge as a credible and competitive alternative in the global shipbuilding industry. These efforts are set to enhance port efficiency, increase cargo flows, and boost investor confidence, steering India towards a prominent position in the maritime sector.”