India Would Need About 11 Times Its Current Shipbuilding Output To Reach The Global Top 5, New Report Finds
India can accelerate the industrial scale-up of its shipbuilding and ship-repair sector by converting domestic vessel requirements into a predictable, long-term demand pipeline and expanding access to appropriate financing, according to the EY-FICCI report, Optimising India’s shipbuilding and ship repair capacity: Roadmap for industrial scale-up.
The EY-FICCI report, launched at the Maritime India Conference and Expo, recommends considering a national maritime demand and market assurance mechanism to consolidate requirements from PSUs, ports, coastal shipping operators, inland-waterway agencies and other major vessel users into a structured, rolling 10-year procurement pipeline. Standard vessel platforms and repeat procurement programmes could further improve shipyard productivity, supplier investment and financing access.
As per the report, domestic fleet renewal could provide an important demand anchor for the sector. Alongside requirements from coastal shipping, inland waterways and port services, this presents an opportunity to translate domestic maritime demand into a more visible order pipeline for Indian shipyards.
Commander Gautam Nanda, Partner, Business Consulting, EY India, said: “India has an opportunity to build an integrated and globally competitive maritime manufacturing ecosystem. The immediate priority is to convert fragmented domestic vessel requirements into predictable, long-term demand that gives shipyards, suppliers and financiers the confidence to invest. Combining this demand visibility with appropriate financing, stronger domestic supply chains and parallel development of shipbuilding and repair capabilities can help create the scale the industry needs.”
Key recommendations include:
- Strengthening maritime financing through long-tenure construction finance, working capital and refund-guarantee support.
- Deepening domestic supply chains by developing capabilities in critical marine equipment, supported by testing, certification and common vendor-qualification standards.
- Scaling shipbuilding and ship repair together to create stronger utilisation of infrastructure, skills and supplier networks.
- Developing integrated maritime clusters around major shipbuilding and repair locations to strengthen access to suppliers, logistics, skills and supporting infrastructure.
- Building specialised skills through closer collaboration between industry, academia and training institutes.
Building an integrated shipbuilding and repair ecosystem
India’s geographic position provides an opportunity to expand its ship-repair capabilities. Approximately 7%–9% of global maritime traffic passes within 300 nautical miles of its coastline, while its current share of the global ship-repair market indicates scope for further growth.
The report also highlights the importance of clear implementation frameworks and outcome-based monitoring to ensure policy measures translate into greater domestic capability, competitiveness and participation across the maritime value chain.
Press Release
RELATED POSTS
RELATED POSTS
Disclaimer :
The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Disclaimer :
The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Subscribe To Our Daily Newsletter
By subscribing, you agree to our Privacy Policy you can unsubscribe anytime.
