India sets out to become a top-five shipbuilding nation within a decade

Owners looking for extra shipyard capacity ought to turn their attention to the world’s most populous nation. Currently outside the top-10 shipbuilding nations globally with a market share of less than 1%, India’s prime minister Narendra Modi has laid out plans to make his country a top-five shipyard hub.  

Addressing the Global Maritime India Summit 2023 virtually yesterday, Modi said: “In the next decade, India will become one among the top-five shipbuilding and repairs nations of the world.” 

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