Forging New Horizons: The Growth of India's Shipbuilding & Repair Industry
The FICCI-Crisil Knowledge Paper, ‘Forging New Horizons: The Growth of India’s Shipbuilding & Repair Industry,’ examines the growth potential of India’s shipbuilding and ship repair industry with respect to the global market trends and sustainability initiatives. It aims to benchmark India in pace with global leaders, highlighting best practices in green shipbuilding and policy interventions required for sectoral expansion. One of the key themes of the Paper is analysing the current industry landscape of shipbuilding in India, comparing its market share with major shipbuilding nations, and assessing international demand trends for global positioning. It sheds light on key government policies and India’s financial capabilities, identifying major growth challenges and proposing actionable solutions.
With strategic investments, technological advancements, and adopting sustainable practices, India can position itself as a global shipbuilding powerhouse in the coming decades.