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Key Points

India has emerged as the third-ranked country in building general dry cargo vessels for European short sea trade, marking a significant milestone in its maritime journey. The achievement is directly attributed to Prime Minister Narendra Modi's Maritime Amrit Kaal Vision 2047, which aims to transform India's maritime capabilities. Union Minister Sarbananda Sonowal highlighted the strategic reforms and workforce skilling that have contributed to this global recognition. The Maritime India Vision 2030 provides a comprehensive framework with 150 initiatives designed to establish India as a leading maritime nation.

Key Points: Modi's Maritime Vision Propels India to Global Shipbuilding Rank

  • Maritime India Vision 2030 targets comprehensive maritime sector development
  • Major port capacity increased from 1598 to 1630 MMTPA
  • Vessel turnaround time reduced from 53 to 48 hours
  • 37% increase in maritime capital expenditure
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India now ranks 3rd in building general dry cargo vessels for European short sea trade: Sonowal

India achieves 3rd rank in European dry cargo vessel building, showcasing remarkable maritime sector transformation under Modi government

"India's shipbuilding ambitions are no longer just on paper - Sarbananda Sonowal"

New Delhi, June 5

India now ranks 3rd in building general dry cargo vessels for the European short sea trade, Union Minister for Ports and Shipping Sarbananda Sonowal announced on Thursday, quoting private data.

The minister attributed this feat to Prime Minister Narendra Modi's "bold Maritime Amrit Kaal Vision 2047".

"India's shipbuilding ambitions are no longer just on paper, they are taking shape in shipyards and recognised globally," the minister wrote on X, attaching an infographic of rankings.

From strategic reforms to skilling our workforce, every step taken by the Modi Govt is making Make in India, Make for the World a reality. Our rise proves, India means business and the world knows it," the minister supplemented in his X post.

The Maritime India Vision (MIV) 2030 provides a comprehensive framework for the holistic development of India's maritime sector, encompassing ports, shipping, and waterways. MIV 2030 outlines 150 initiatives aimed at propelling India to global maritime leadership.

Its 10 interconnected themes such as port infrastructure development, enhancing logistics efficiency, improving Indian shipbuilding tonnage, increasing coastal and waterway traffic, fostering technology innovation and policy support, promoting sustainability and global collaboration, address every facet of the maritime ecosystem, ensuring a well-rounded approach to transforming India into a leading maritime nation.

The status of MIV 2030 gets reflected through the progress made by the Indian Maritime sector over the past 3 years as outlined below:

Major Port Capacity increased from 1598 MMTPA in Financial Year 2022 to 1630 MMTPA in Financial Year 2024.

Overall, Vessel Turn Around Time (TAT) reduced from 53 hours in Financial Year 2022 to 48 hours in Financial Year 2024.

Ship Berth Day Output increased from 16,000 MT in Financial Year 2022 to 18,900 MT in Financial Year 2024.

Over the past three years, there has been a 37% increase in the Capital Expenditure to Rs 7,571 crore in Financial Year 2024 (from Rs. 5527 crore in Financial Year 2022) by Ministry of Ports, Shipping and Waterways including a 54 per cent increase in Gross Budget Support (GBS) to Rs 1,687 crore in Financial Year 2024 (from Rs 1,099 crore in Financial Year 2022) which is primarily towards the achievements of goals and targets outlined under MIV 2030.

In the past 3 years, around 75 port development projects have been awarded in Major Ports which includes projects for enhancement of cargo handling capacity and operational efficiency.

- ANI

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Reader Comments

R
Rajesh K.
This is fantastic news! 🇮🇳 Our shipbuilding industry is finally getting global recognition. The stats on reduced turnaround time and increased capacity show real progress. Hope we can soon compete with China and South Korea in this sector. Jai Hind!
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Priya M.
While the ranking is impressive, I hope this growth translates to more jobs for skilled workers in coastal states. Also, we must ensure environmental safeguards - shipbuilding can be polluting if not managed properly. Progress with responsibility should be our motto.
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Amit S.
The numbers don't lie! 37% increase in capital expenditure shows serious commitment. But can someone explain why we're still importing so many ships when our own capacity is growing? Shouldn't Indian companies get first preference in govt contracts?
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Sunita R.
As someone from Visakhapatnam where many shipyards operate, I've seen firsthand how these developments are changing lives. But the government must invest equally in coastal community welfare - better schools, hospitals and infrastructure for families dependent on this industry.
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Vikram J.
Good achievement, but we shouldn't get complacent. The gap between #3 (India) and #1 (China) is still massive. Need more focus on R&D and technology transfer agreements with European partners. Also, why only dry cargo? When will we build cruise ships and LNG carriers?
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Neha P.
This makes me so proud! 😊 My cousin works at Cochin Shipyard and always talks about the new training programs. The Maritime Vision seems to be working - from 53 to 48 hours turnaround is no small feat. Next target should be #2 position! #MakeInIndia

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