US EditionIndia hopes to build 10 times more ships in next five years - India Seatrade News
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India aims to build 10x more ships in 5 years - Maritime Gateway
India wants to rank in the top ten shipbuilding nations by 2030, according to the Indian secretary for the Ministry of Ports, Shipping & Waterways. Compared to the current contribution of less than 1% to global shipbuilding, this will represent a major rise. “We must grow at a CAGR of at least 17–18% if we wish to transport 20% of our freight. In the next five years, this is ten or twenty times (our current output levels),” stated T K Ramachandr…
India hopes to build 10 times more ships in next five years - India Seatrade News
The Indian secretary for the Ministry of Ports, Shipping & Waterways has expressed India’s ambition to be among the top ten shipbuilding countries by 2030. This will be a significant increase from the current less than 1% contribution to global shipbuilding. “If we want to carry 20% of our cargo, we have to grow at a CAGR of not less than 17-18%. This is 10 or 20 times (our current production levels) in the next five years,” T K Ramachandran, s…
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