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Indian Express
29-04-2025
- Business
- Indian Express
Maharashtra becomes first state to introduce dedicated policy on ship building, repair and recycling
In a move to boost the maritime sector, the Maharashtra state cabinet on Tuesday approved the Shipbuilding, Ship Repair and Ship Recycling Policy, 2025, with a targeted investment of Rs 6,600 crore by 2030. Minister for Fisheries and Ports Nitesh Rane said that Maharashtra has become the first state in the country to introduce a dedicated, independent policy in this domain. 'The goal is to make Maharashtra a hub for shipbuilding, repair, and recycling. The policy aims to create a supportive ecosystem, develop skilled manpower, and promote advanced technology through R&D investment. By 2030, Maharashtra aims to contribute at least one-third of India's shipbuilding targets,' said Rane. Under the policy, the state aims at an investment of Rs 6,600 crore and 40,000 jobs by 2030 and Rs 18,000 crore investment and 330,000 jobs by 2047. Under the policy, planning-led development of shipbuilding and recycling, establishment of marine shipyard clusters, identification of suitable land, development of single shipyards and recycling facilities, supportive infrastructure (roads, power, water), transparent land allocation through the Maharashtra Maritime Board is planned. It offers capital subsidy of 15% of project cost, up to 1 crore for skill development per project, up to 25 crore for R&D support. The government will assist in obtaining permits and approvals and offer land at concessional rates or long-term leases (30 years with renewal provisions). The minister said that at present, China contributes 50 per cent to global shipbuilding, while Japan and South Korea contribute 15 and 28 per cent respectively. India's share is around 1 per cent and it ranks 21st globally in shipbuilding while in ship repair, it ranks 20th. India, however, ranks second worldwide in ship recycling with share of 32.6 per cent. 'Ports and waterfronts will be optimally utilized. New Indian ships will be built and repaired within the state, increasing India's contribution to maritime trade, saving foreign exchange, and enabling recycling of decommissioned ships. The recovered steel and materials will also be reused. Financial incentives will encourage private and foreign investors to enter the sector. Skill development initiatives via educational institutions will ensure a pipeline of qualified manpower. Most importantly, the policy expresses confidence that Maharashtra will emerge as a leading state in shipbuilding and the broader maritime industry in the near future,' Rane said.
Time of India
26-04-2025
- Business
- Time of India
Mangaluru soon to get water metro system; second in India after Kerala
On April 23, Karnataka Chief Minister Siddaramaiah approved the Mangaluru Water Metro project, marking a major step toward improving inland water transport in the state. This project will link Bajal and Maravoor via water routes across the Netravati and Gurupura rivers, providing a much-needed alternative to road travel. With this, Karnataka will become the second state in India, after Kerala, to have such an extensive water-based transit system. The Karnataka Maritime Board (KMB) has been directed to swiftly prepare a detailed project report (DPR) for the Mangaluru Water Metro. Once completed, the system is expected to ease traffic congestion on key city roads while offering a sustainable and efficient commuting option. The metro will play a crucial role in connecting both sides of the rivers, especially benefiting emerging residential areas and communities that have been historically underserved by public transport. Designed as an inclusive and environmentally friendly mobility solution, the water metro is seen as a game-changer for urban transit in the coastal city. The project is part of a broader vision to create an equitable and accessible transportation network while promoting cleaner alternatives to traditional commuting methods. In support of this initiative, the state government has also approved the creation of a dedicated water transport training centre in Mangaluru. This facility will focus on building local expertise, enhancing workforce readiness, and ensuring long-term success of the water metro. It will also open up new opportunities for employment and skill development in line with India's blue economy strategy. During the same meeting, Chief Minister Siddaramaiah instructed the Deputy Commissioner of Uttara Kannada to conduct a drone-based survey of islands selected for future development. A comprehensive report is expected within three months, indicating the government's urgency in pushing forward with its coastal development plans. Additionally, the Chief Minister unveiled the Karnataka Inland Transport Policy 2024, a strategic document aimed at guiding the future of inland and water-based transport across the state. Joined by Minister for Fisheries and Ports Mankal Vaidya, Siddaramaiah emphasized the importance of modern, sustainable infrastructure for long-term growth and regional connectivity. Together, these efforts represent a bold move by Karnataka to modernise its transport network and tap into the potential of its waterways for economic and social development.
