PM Modi's Vision for Maritime: Tough Times Ahead for Foreign Ships
PORTS & SHIPPING

PM Modi's Vision for Maritime: Tough Times Ahead for Foreign Ships

India's Prime Minister Narendra Modi has outlined a bold vision for the maritime sector, aimed at revitalizing the country's shipbuilding and shipping industry. In his Amrit Kaal ("Golden Era") initiative, PM Modi aims to enhance the competitiveness of India's ports and ensure greater utilization of the country's coastlines. As a result, foreign ships may encounter significant challenges as they navigate the Indian waters.

PM Modi envisions India as a leading player in the global shipping industry and intends to promote domestic shipbuilding and repair capabilities to achieve self-reliance in this sector. This approach aligns with his 'Make in India' campaign, which seeks to boost local manufacturing and enhance economic growth. By encouraging indigenous shipbuilding, PM Modi aims to reduce the reliance on foreign vessels and foster the development of a robust maritime ecosystem in India.

As part of the Amrit Kaal initiative, PM Modi plans to create dedicated clusters for shipbuilding and repair along India's coastline. These clusters will provide state-of-the-art facilities and infrastructure to encourage the growth of domestic shipbuilding. Foreign ships entering Indian waters can expect increasing competition from locally-built vessels that will be cost-effective and compatible with the region's maritime requirements.

Furthermore, PM Modi aims to enhance the efficiency and capacity of Indian ports, enabling them to handle larger vessels. This will require significant infrastructure development, which is already underway with the Sagarmala project. With the expansion and modernization of ports, foreign ships may face stricter regulations and higher port charges compared to their Indian counterparts.

In addition, PM Modi plans to establish maritime universities and institutes to improve skills and knowledge within the maritime sector. By strengthening human resources and technical capabilities, India will be better equipped to compete globally in terms of shipbuilding, shipping operations, and port management. This could result in foreign ships facing tougher competition from Indian seafarers and technical experts.

While PM Modi's vision for the maritime sector holds great promise for India's shipbuilding and shipping industry, it may present challenges for foreign ships seeking access to Indian waters. The focus on domestic capabilities, infrastructure development, and skill enhancement indicates a shift towards greater self-reliance and competitiveness in the maritime arena. Foreign ships must adapt to these changes and find avenues for cooperation and collaboration with India to navigate the evolving landscape successfully.

India's Prime Minister Narendra Modi has outlined a bold vision for the maritime sector, aimed at revitalizing the country's shipbuilding and shipping industry. In his Amrit Kaal (Golden Era) initiative, PM Modi aims to enhance the competitiveness of India's ports and ensure greater utilization of the country's coastlines. As a result, foreign ships may encounter significant challenges as they navigate the Indian waters. PM Modi envisions India as a leading player in the global shipping industry and intends to promote domestic shipbuilding and repair capabilities to achieve self-reliance in this sector. This approach aligns with his 'Make in India' campaign, which seeks to boost local manufacturing and enhance economic growth. By encouraging indigenous shipbuilding, PM Modi aims to reduce the reliance on foreign vessels and foster the development of a robust maritime ecosystem in India. As part of the Amrit Kaal initiative, PM Modi plans to create dedicated clusters for shipbuilding and repair along India's coastline. These clusters will provide state-of-the-art facilities and infrastructure to encourage the growth of domestic shipbuilding. Foreign ships entering Indian waters can expect increasing competition from locally-built vessels that will be cost-effective and compatible with the region's maritime requirements. Furthermore, PM Modi aims to enhance the efficiency and capacity of Indian ports, enabling them to handle larger vessels. This will require significant infrastructure development, which is already underway with the Sagarmala project. With the expansion and modernization of ports, foreign ships may face stricter regulations and higher port charges compared to their Indian counterparts. In addition, PM Modi plans to establish maritime universities and institutes to improve skills and knowledge within the maritime sector. By strengthening human resources and technical capabilities, India will be better equipped to compete globally in terms of shipbuilding, shipping operations, and port management. This could result in foreign ships facing tougher competition from Indian seafarers and technical experts. While PM Modi's vision for the maritime sector holds great promise for India's shipbuilding and shipping industry, it may present challenges for foreign ships seeking access to Indian waters. The focus on domestic capabilities, infrastructure development, and skill enhancement indicates a shift towards greater self-reliance and competitiveness in the maritime arena. Foreign ships must adapt to these changes and find avenues for cooperation and collaboration with India to navigate the evolving landscape successfully.

Next Story
Infrastructure Urban

With a strong international presence, we are poised for further expansion

EPC company Varindera Constructions (VCL) has completed 31 construction projects in the past 10 years with 20 ongoing projects in India and overseas as in March 2024. Varinder Kumar Garg, Chairman, shares factors behind the company’s stellar performance in its residential, commercial, metro, railway and institution projects and the material magnitude of the Hasimara Air Force Station project, which plays a key role in deployment and operations of Rafale jets in India, as well as his perspective on the latest technologies, sustainability, skill shortage and the company’s internati..

Next Story
Infrastructure Urban

Campal Stadium Project Delayed

The football stadium and parade ground project in Campal, Panaji, which was initiated under the smart city plan, has yet to be completed, even though it is over a year past its original deadline. The project started on March 21, 2022, and according to the initial work order, it was supposed to be finished by September 20, 2023. Imagine Panaji Smart City Development Ltd (IPSCDL) has reported that 98% of the work is complete, with the final 2% expected to be finished by March 2025. "A small area where the concrete batching plant is situated needs completion," they said. The project's total est..

Next Story
Infrastructure Urban

Cleanliness Control Centre to Monitor Work, Complaints 24X7

Jaipur's cleanliness management system is set to be more efficient with the Integrated Command and Control Centre now operating 24/7. On Friday, Arun Kumar Hasija, CEO of Jaipur Smart City Limited, issued orders to implement this change. Hasija explained that the centre will supervise door-to-door refuse collection, sanitation operations, and mechanized cleaning activities. Special attention is being given to night-time cleaning across the city, with advanced machinery being used to sanitize road dividers in areas like the Walled City. The centre will now operate round-the-clock to improve c..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000