Centre Aims for 10x Expansion in Domestically Flagged Ships
PORTS & SHIPPING

Centre Aims for 10x Expansion in Domestically Flagged Ships

The Indian government has unveiled ambitious plans to achieve a tenfold expansion in the number of domestically flagged ships. This strategic initiative underscores a significant push to enhance indigenous shipping capabilities, promoting self-reliance and bolstering the country's maritime sector.

The expansion plan aligns with the government's vision to strengthen India's presence in the global shipping industry and reduce dependency on foreign-flagged vessels. The move is expected to have far-reaching implications, not only in terms of economic growth but also in reinforcing national security and maritime interests.

By aiming for a tenfold increase in domestically flagged ships, the government seeks to create a robust and competitive shipping industry. This initiative is likely to encourage investments, stimulate job creation, and foster technological advancements in shipbuilding and related maritime sectors.

The focus on expanding the fleet of domestically flagged ships is part of a broader strategy to tap into the potential of India's vast coastline and maritime resources. It reflects a forward-looking approach to harnessing the country's maritime strengths, promoting trade, and ensuring a secure and self-reliant maritime ecosystem.

As the government charts a course for a substantial increase in domestically flagged ships, the maritime sector is poised for transformative growth. This ambitious plan positions India to emerge as a key player in the global shipping arena, enhancing its maritime influence and contributing to the overall economic resilience of the nation.

The Indian government has unveiled ambitious plans to achieve a tenfold expansion in the number of domestically flagged ships. This strategic initiative underscores a significant push to enhance indigenous shipping capabilities, promoting self-reliance and bolstering the country's maritime sector. The expansion plan aligns with the government's vision to strengthen India's presence in the global shipping industry and reduce dependency on foreign-flagged vessels. The move is expected to have far-reaching implications, not only in terms of economic growth but also in reinforcing national security and maritime interests. By aiming for a tenfold increase in domestically flagged ships, the government seeks to create a robust and competitive shipping industry. This initiative is likely to encourage investments, stimulate job creation, and foster technological advancements in shipbuilding and related maritime sectors. The focus on expanding the fleet of domestically flagged ships is part of a broader strategy to tap into the potential of India's vast coastline and maritime resources. It reflects a forward-looking approach to harnessing the country's maritime strengths, promoting trade, and ensuring a secure and self-reliant maritime ecosystem. As the government charts a course for a substantial increase in domestically flagged ships, the maritime sector is poised for transformative growth. This ambitious plan positions India to emerge as a key player in the global shipping arena, enhancing its maritime influence and contributing to the overall economic resilience of the nation.

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?