India needs to boost shipbuilding output 11-fold to match world’s fifth-ranked country: Report
BusinessLine 1 hr ago·4 Nov 2026, 10:51 am
A recent report highlights a massive gap between India’s current shipbuilding capacity and its potential. To rival the world's fifth-ranked country, India must increase its output by eleven times, as the nation currently accounts for a mere 0.075% of global merchant-ship deliveries.
This disparity presents a significant opportunity for the domestic industry. As the global economy seeks to diversify supply chains, India's push to modernize its maritime infrastructure could attract major investments. This sectoral growth may benefit key players and related supply chains in the long run.
Investors should monitor the government’s policy support and private sector participation. Progress in this area will be a key indicator of India's broader push for self-reliance in manufacturing and infrastructure development.
Excerpt from BusinessLine
India accounts for just 0.075% of global merchant-ship deliveries in 2025 India, which targets a top-10 finish by 2030 in the global shipbuilding sector, must drastically scale up its maritime manufacturing, a report says, highlighting that it needs an 11-fold production boost just to match the output of the world’s…Read the original at BusinessLine
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