India should create 10-year vessel procurement pipeline: EY-FICCI report

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An EY-FICCI report says India could scale up shipbuilding and ship repair by establishing a 10-year vessel procurement pipeline that gives the industry predictable demand. The report recommends a national maritime strategy to support the sector’s industrial growth.

India can accelerate the industrial scale-up of its shipbuilding and ship-repair sector by creating a 10-year vessel procurement pipeline that will provide long-term demand visibility, a report by consulting firm EY and industry chamber FICCI said. The report, titled “Optimising India’s Shipbuilding and Ship Repair Capacity: Roadmap for Industrial Scale-up”, recommended considering a national maritime ...