Can India reach its ambitious shipbuilding targets?

India aims to become a top 10 shipbuilder by 2030 and top five by 2047, facing challenges due to low market share and China’s dominance in the sector. However, with a focus on smaller vessels, government incentives, and efforts to attract foreign shipowners, Indian shipyards are showing potential for growth. Plans to partner with South Korean shipbuilders signal a strategic approach towards achieving these ambitious goals.

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