India Takes Bold Steps to Boost Domestic Shipbuilding Production
NEW DELHI -- The leaders of the world's two largest democracies are at odds over a range of issues, from tariffs to visas to purchases of contraband Russian oil. But U.S. President Trump and his Indian counterpart, Prime Minister Narendra Modi, share at least one common goal: Both men have made reviving their country's dormant shipbuilding industries a priority.
India is ramping up efforts to enhance its domestic shipbuilding production in a bid to bolster its maritime capabilities. The move comes as part of the government's broader push to revitalize the country's shipbuilding industry, which has been relatively inactive in recent years.
Prime Minister Narendra Modi has underscored the importance of revitalizing the shipbuilding sector as a strategic imperative for India. With a coastline stretching over 7,500 kilometers, the country has significant maritime interests that necessitate a robust shipbuilding industry.
In line with these objectives, the government has announced various incentives and initiatives to promote indigenous shipbuilding. These measures aim to reduce dependency on foreign shipbuilders and boost the domestic industry's competitiveness in both the national and international markets.
Furthermore, the Indian government is actively engaging with key stakeholders, including private shipyards, to encourage investments and technological advancements in the sector. By fostering a conducive environment for shipbuilding, India aims to not only meet its own naval requirements but also emerge as a global hub for high-quality ship construction.