New Delhi, Sept. 15 -- India has set an ambitious target to capture 5% of the global shipbuilding market by 2030.

Union Minister of State for Ports, Shipping and WaterwaysShantanu Thakurannounced this vision at theConfederation of Indian Industry(CII) Conference held inGoa.

The event was themed "India's Shipbuilding Roadmap towards Maritime Amrit Kal Vision 2047." He emphasised that India is ready to become a major shipbuilding hub by developing world-class infrastructure and embracing cutting-edge technology.

To achieve this goal, the government plans to increase India's global market share through modernisation, automation, and adoption of green and digital shipbuilding practices.

Around 10 international-standard shipyards are expec...