Shipping

Maharashtra is set to become home to India’s largest shipyard, a transformative development for the nation’s maritime and industrial landscape. The project, aimed at enhancing domestic shipbuilding capacity, is expected to significantly strengthen India’s strategic manufacturing capabilities, create thousands of high-skilled jobs, and attract large-scale investments. Positioned to serve both commercial and defense sectors, the shipyard underscores India’s focus on boosting self-reliance in strategic industries.

Prime Minister Narendra Modi has urged global business leaders to invest in India’s rapidly growing shipping and maritime sector, highlighting the country’s transformation into a global trade and logistics hub. Addressing international CEOs, Modi emphasized India’s strategic location, expanding port infrastructure, and strong policy framework under initiatives such as Sagarmala and Maritime India Vision 2030. The Prime Minister outlined investment opportunities in shipbuilding, port modernization, coastal shipping, and green maritime technology.

The Gujarat Maritime Board (GMB) and APM Terminals have announced a joint investment of Rs 17,000 crore to expand and modernize port infrastructure in Gujarat, aiming to bolster India’s maritime trade capabilities and global logistics competitiveness. The ambitious project focuses on enhancing cargo handling efficiency, developing green logistics infrastructure, and supporting the state’s vision of becoming a leading maritime hub.

Cochin Shipyard Ltd. (CSL) has secured a significant order from a prominent European client for the design and construction of six feeder container vessels, each with a capacity of approximately 1,700 TEUs and powered by liquefied natural gas (LNG). The order, valued at over ₹2,000 crore, was formalized with a Letter of Intent signed on October 14, 2025. This development underscores CSL's growing prominence in the global maritime industry and its commitment to sustainable shipping solutions.