Gs-3 : Economic growth- Industries- Ship building industry C | VK IAS by Vikas kanukollu (VK)
Gs-3 : Economic growth- Industries- Ship building industry
Context : India's Maritime India Vision 2030 focuses on logistics, infrastructure, and environmental concerns but lacks in areas like ship manufacturing and addressing the need for shipyards to handle larger vessels- CLick here ( under the umbrella of circular economy)
How does shipbuilding contribute to a country's maritime presence and economic growth?- Shipbuilding is a key factor for maritime presence, with direct implications for global trade, economic growth, and national security.
So How significant is the aspect of ship ownership for India's maritime strategy?= India's maritime sector faces challenges such as the lack of large vessel building facilities, a gap in English-speaking seafarer personnel, and a slower growth in the shipbuilding industry compared to China-so there is a need for push for private shipowners to invest in new vessels.
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