Latest news with #ShipRepairandShipRecyclingPolicy
Hindustan Times
2 days ago
- Business
- Hindustan Times
State to set up 6 shipyard clusters, eyes ₹6,600-cr investments and 40,000 jobs
MUMBAI: Maharashtra is setting sail on an ambitious plan to boost its maritime sector by developing large-scale marine shipyard clusters along its coastline. The proposed hubs will cater to shipbuilding, repair, recycling, and allied services, and are expected to attract over ₹6,600 crore in investments and create 40,000 jobs by 2030. State to set up six shipyard clusters, eyes ₹ 6,600-cr investments and 40,000 jobs The Maharashtra Maritime Board (MMB), the nodal agency for the sector, has shortlisted six potential coastal locations, with three sites—Nandgaon in Palghar, Dighi in Raigad, and Vijaydurg in Sindhudurg—being evaluated for the first cluster. A consultant will soon be appointed to conduct a detailed techno-economic feasibility study and prepare a Detailed Project Report (DPR), officials said. 'Through a preliminary assessment, we have identified six potential coastal locations. The consultant will help us determine the most feasible site among the three shortlisted. Based on the findings, we will develop the basic infrastructure and invite private players in shipbuilding and allied industries to set up operations,' said Pradeep P, CEO of MMB. The proposed shipyard at Nandgaon will be the largest, spread across 2,666 acres—including 2,444 acres of land and 225 acres of intertidal zone. The Dighi yard is planned over 2,550 acres, while the Vijaydurg facility will require 1,371 acres. The consultant's mandate will include market and financial analysis, site evaluation, engineering design, and environmental and social impact assessments. The study will also identify potential risks and recommend measures to mitigate them. A senior official from the state fisheries and port department said the government want the consultant to 'incorporate global best practices, comply with national and international standards, and deliver a framework that can attract investments, generate employment, promote indigenous shipbuilding, and position Maharashtra as a maritime hub of global significance.' They have also floated tender for appointing the consultant The initiative follows the state cabinet's approval in April of the Shipbuilding, Ship Repair and Ship Recycling Policy, 2025—the first of its kind in Maharashtra. The policy offers a capital subsidy of 15% of project cost, up to ₹1 crore for skill development per project, and up to ₹25 crore for research and development. It also assures assistance in permits, approvals, and land allocation on concessional terms with 30-year renewable leases. Officials said the government's phased approach will begin with one shipyard cluster. Expansion to other identified sites will be decided based on industry response.
India Today
05-05-2025
- Business
- India Today
How Maharashtra eyes a pie of global ship-breaking hub Alang's business
Maharashtra has become the first Indian state to approve a policy for shipbuilding and recycling. The cabinet approved the Shipbuilding, Ship Repair and Ship Recycling Policy, 2025 on April 29.A robust shipbuilding and repair industry has economic as well as strategic considerations for Maharashtra, which has a 720-km-long coastline spread over the districts of Palghar, Thane, Mumbai city and suburbs, Raigad, Ratnagiri and Rane, minister for ports and fisheries, said the policy aimed to attract investments to the tune of Rs 6,600 crore and create 40,000 jobs in the sector by 2030. 'By 2047, we are targeting an investment of Rs 18,000 crore and 330,000 jobs. We have formulated the policy accordingly,' he informed. The government also aims to provide skill development training to youth to help them get employment in the policy is also expected to generate revenue for the Maharashtra Maritime Board. The board will create infrastructure such as roads and capital subsidies for these projects. Rane said that while Alang in Gujarat has been the hub for ship-breaking activities, the Mahayuti government wanted to attract the business to Maharashtra and ensure that the state accounted for around a third of the ships broken down and recycled in the is the world's largest ship-breaking cluster. The global shipbuilding market is estimated at $70 billion (Rs 5.9 lakh crore), primarily dominated by China, South Korea and Japan. China's share of the shipbuilding business is 50 per cent, followed by South Korea (28 per cent) and Japan (15 per cent). India holds just 1 per cent of the global ship-repair market is worth $12 billion (Rs 1.01 lakh crore), and dominated by China, Singapore, Bahrain and Dubai. Globally, India ranks second in ship-recycling, but is facing rising potential competition from Bangladesh and Pakistan on account of higher yields and limited regulatory compliances. India is among the top five countries supplying trained manpower for the maritime India is one of the market leaders in ship-recycling, ship repair is a very nascent market in itself. Maharashtra's policy is in line with the Union government's Maritime India Vision 2030 and Maritime Amrit Kaal Vision to India Today Magazine
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.
