Prime Minister Narendra Modi recently said that India has paid about $ 75 billion to foreign shipping companies. This figure reflects the country’s foreign shipping dependence and emphasizes the need to reduce it. In this direction, he described strengthening domestic shipbuilding as a national priority.

Dependence on foreign shipping

India’s dependence on foreign companies on trade and maritime freight has been increasing for the last several years. Both imports and exports require large amounts of containers and ships, for which foreign shipping firms have to pay. On this, PM Modi expressed concern and said that it puts pressure on national economic security and foreign currency.

Domestic shipbuilding boost

The Prime Minister said that reviving the shipbuilding industry in India is now a priority. Plans are being made for this

Bringing modern shipbuilding technology,

Increasing the use of domestic steel and other raw materials,

Increasing training and employment opportunities for youth.

Economic and strategic profit

Increasing domestic shipbuilding will give the country many benefits:

Reduction in foreign payment – The outflow of large amounts like $ 75 billion will be reduced.

Job and Skill Development – Shipbuilding industry can become a source of new employment and technical skills.

National Security – The country will become self -sufficient on its Navy and commercial shipping.

Construction and export opportunities – Indian shipbuilding industry can also step into the international market.

Reaction of industry and experts

Shipping and meritime experts believe that investment in domestic shipbuilding will not only strengthen the economy but will also give India competitive advantage in global maritime trade. Industry experts say this is possible with new technology, research and government support.

Government initiative

The Modi government has already launched several schemes, such as:

Make in India Shipbuilding Scheme

Special Maritime Clusters and Ports Modernization

Skill Development Programs
The aim of these initiatives is to make India a strong, self -sufficient and competitive shipbuilding hub.