New Delhi, Nov. 4 -- India needs a predictable, long-term demand pipeline for domestic vessels and better access to financing to accelerate the growth of its shipbuilding and ship-repair industry, according to a report by EY and the Federation of Indian Chambers of Commerce and Industry (FICCI).

The report highlighted that India repaired 418 vessels in FY23-24, of which 227 were handled by private-sector shipyards, with the country having around 42 dry docks.

However, India's share in the global shipbuilding and ship-repair markets remains limited despite its strategic location.

"India accounted for approximately 0.075% of global delivered shipbuilding GT in 2025, while its share of the global ship-repair market remained below 1% in 20...