Shipbuilding and logistics to anchor India's maritime map

India's maritime future rests on a strong push for shipbuilding and logistics, powered by technology, industry experts said at the Business Standard Infrastructure Summit on Thursday.

- BS REPORTER

"The government is very interested in building our maritime interests. We have lagged for two decades. In the next 15-20 years, we must substantially increase our market share in shipbuilding. We need eco-centres: one for shipbuilding and another to enhance the use of Indian-flagged vessels," said Captain Amit Singh, head of business, MOL South Asia Middle East, Mitsui OSK Lines said in a panel discussion with Ruchika Chitravanshi of Business Standard.

Currently, India's share in global shipbuilding stands at around 0.06 per cent, with 5 per cent maritime control over its own tonnage. India aims to become one of the world's top five shipbuilders by 2047.