New Delhi, March 14 -- India's shipbuilding and ship recycling sectors are poised for significant expansion, supported by policy reforms, large financial commitments and new industrial projects aimed at strengthening the country's maritime ecosystem and reducing dependence on foreign shipping lines.
Addressing industry stakeholders, Susanta Kumar Purohit, Chairperson of the V.O. Chidambaranar Port Authority at a PHDCCI summit, outlined a comprehensive roadmap to strengthen India's maritime capabilities, stating that the leadership of Narendra Modi and the strategic direction of union Minister for Ports, Shipping and Waterways Sarbananda Sonowal have helped create a strong fiscal architecture aimed at transforming India into a major maritim...