Setting up many domestic shipyards is urgent; India needs to attract potential Asian investors

AI Summary

India is urged to establish numerous domestic shipyards and attract Asian investors to boost shipbuilding capacity. This strategy aims to reduce logistics costs, enhance port capacity, and promote maritime sector growth aligned with the Atmanirbhar Bharat initiative.

Shipbuilding capacity is integral to the larger plan of easing and reducing logistics costs. Raising port capacity manifold and reducing the cargo turnaround time are complementary to this. Emphasising the maritime sector as an engine for employment and economic growth is a policy plank that aligns well with atmanirbharta (self-reliance). Recently, while commissioning three indigenously ...