India’s shipping minister sets out shipbuilding ambitions

India’s shipping minister sets out shipbuilding ambitions

India’s shipping minister Nitin Gadkari set out some shipbuilding goals for the country while attending the groundbreaking ceremony of the new 310 m long drydock at state-run Cochin Shipyard.

The world’s second most populous nation is a long way behind Asian rivals, something that Gadkari acknowledged.

While India has 25 commercial shipbuilding yards and more than 30 drydocks, its current global market share is just 0.66%. The new drydock at Cochin, due to open in 2021, should give India a market share of 2%.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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