Quiet race to build ships, end China monopoly

India is striving to establish itself as a major player in the global shipbuilding industry, aiming to join the ranks of the top five shipbuilding nations by 2047. The initiative is driven by the ambition to achieve a gross registered tonnage (GRT) of four million tonnes annually, thereby reducing reliance on Chinese shipbuilding dominance. As the government intensifies efforts to enhance domestic capabilities, this move is seen as critical for national security and economic growth. The push for an indigenous shipbuilding sector also reflects India's broader strategy to bolster its maritime capabilities, which includes increased investment in technology and infrastructure. This strategic pivot not only aims to generate employment but also seeks to elevate India's status in international maritime trade. With an eye on sustainable practices and innovation, India is positioning itself to compete effectively on the global stage, potentially reshaping the dynamics of the shipbuilding industry in the coming decades.