According to UNCTAD data, India has about 1,244 vessels under beneficial ownership, or roughly one-eighth of China’s 10,440 ships
Shipbuilding Development Scheme, with an outlay of Rs 19,989 crore, aims to expand domestic shipbuilding capacity to 4.5 million Gross Tonnage
To support the shipbuilding plans for the Korean MoU, Cochin Shipyard will set up a dedicated Block Fabrication Facility (BFF) at Kochi spread over 80 acres, with an annual capacity of 1.20 lakh MT at an investment of about Rs 3,700 crore.
MoS for Ports and Shipping, Shantanu Thakur said India has plans to add 10 world-class shipyards in the next five years, supported by public-private partnerships and international collaborations. The Shipping Ministry has plans to develop new shipbuilding clusters of 1-1.2 million Gross Tonnage (GT) each.
The government will spread these monetary benefits over ten years starting 2026 and the cabinet of federal ministers is likely to approve the proposal by the end of September
According to the report, the package will comprise Rs 20,000 crore for developing and operationalising a shipping cluster programme, another Rs 20,000 crore under a new Shipbuilding Financial Assistance Programme (SBFAP), and Rs 25,000–30,000 crore for setting up a Maritime Development Fund (MDF).
New executive orders and subsidies try to match China's leverage, but economic costs and restricted capacity are huge obstacles.
Titagarh Rail announced the addition of a new business vertical for Shipbuilding and Maritime Systems, wherein it will undertake "marine business including shipbuilding, ship repair and other maritime business activities."
Financial and other challenges have to be addressed to ensure a smooth cruise for mega shipbuilding parks
Given the sharp run-up in the share price, slow execution, historic high valuations, and delays in fresh orders, investors should be cautious and wait for better entry points
Too much expectations built into the valuation of the stocks
As an investment theme, defence engineering has stormed the market, with some of the recent IPOs in this space attracting high levels of subscription. Should you invest in these stocks post the run-up, and should you invest in private companies or PSU players? Watch this video to find out
Earnings grow higher for the state-owned shipbuilders -- Cochin Shipyard, Garden Reach Shipbuilders (GRSE) and Mazagon Dock Shipbuilders -- with project execution improving
Shipbuilding as a space is getting attention, particularly in light of an exciting business model, visibility and valuation
Overall, it was a sound quarter marked by better utilisations, lower cost and a strong order book position.
An official said that issues related to existing policies and government’s stand on shipbuilding would be discussed with all the stakeholders
Government today said it has issued guidelines for award of tenders for shipbuilding and repair works for PSUs and departments under which Indian shipyards will be granted 'right of first refusal' to enable them to compete with foreign players.
Slippages for this quarter has been Rs 4,019 crore, Animesh Chauhan, MD & CEO of Oriental Bank of Commerce told CNBC-TV18.
Cabinet, on Wednesday, cleared a Rs 4,000 crore aimed at boosting shipbuilding and ship repair industry in the country.
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for introducing measures to encourage shipbuilding and ship repair industry in India under the ambitious 'Make in India' programme, an official statement said.
The Ministry of Defence is in the final stages of bringing out the Make in India policy for the defence sector. CNBC-TV18's Sajeet Manghat met MV Kotwal, company president for HEG and shipbuilding, to assess the company's preparedness in defence manufacturing.
The government today asked Reserve Bank of India to relax rules to revive the shipbuilding industry.
Chinese investors cheered the prospect of being able to invest in their country's military-industrial complex, driving the Shanghai-listed shares of China Shipbuilding up by the daily limit of 10 percent.