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Govt mulls shipbuilding clusters along coasts
The Morning Standard
|July 12, 2024
Initiative seeks to boost shipbuilding activities, drive economic growth in India by tapping potential in the sector
IN a bid to revolutionise the maritime industry in India, shipping ministry has made a proposal to establish shipbuilding clusters along the east and west coasts of the country, as per top government sources. Drawing inspiration from the success of maritime clusters in countries like China, Korea, and Vietnam, this initiative seeks to boost the shipbuilding activities and drive economic growth in India.
"The proposal outlines a strategic road map for development of these shipbuilding clusters, emphasising the identification of suitable locations with waterfronts of 4-5 kilometers and a land area of at least 1,000 acres on both coasts," a top of ficial told this newspaper.
This story is from the July 12, 2024 edition of The Morning Standard.
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