Government plans to set two mega ship building parks by 2030
The government has plans to set and operationalize 2 Mega shipbuilding parks by 2030. Ministry of Ports, Shipping and Waterways is launching this initiative with an aim at the share of the USD 100 billion global shipbuilding market. These parks will be located on both the East and West coasts, with basic infrastructure provided by the government and critical equipment by private players.
As per the ministry, the immediate target is to have four Mega shipbuilding parks with two each on the East and West coast. Gujarat, Maharashtra, Odisha and Andhra Pradesh are showing positive signs.
Also Read: Union Shipping minister assures Rs 200 crore for medicinal plant at Jorhat