India is set to embark on a shipbuilding expansion, with eight clusters planned across its coast under the Maritime India Vision 2030 and 2047. The initiative aims to increase India’s global shipbuilding share, currently below one percent, and strengthen domestic maritime capabilities.

Five greenfield clusters will be established in Andhra Pradesh, Odisha, Tamil Nadu, Gujarat, and Maharashtra, while three brownfield expansions will occur in Gujarat (Vadinar and Kandla) and Kerala (near Cochin Port). “All state governments have formed special purpose vehicles to implement the project with approved and identified land parcels and access network connecting the clusters with roads and railway infrastructure,” said Ports and Shipping Secretary TK Ramachandran. The clusters will integrate ship manufacturing, equipment vendors, insurance, leasing, and bunkering facilities.

“While we're seeing progress, the global market is still dominated by China, South Korea, and Japan,” said Pushpank Kaushik of Jassper Shipping. “To bridge that gap, what’s really needed now is a clear push for foreign investment and technology transfer.”

The Union Budget FY26 also earmarked Rs 25,000 crore for a Maritime Development Fund, and policy reforms are supporting investment, shipbuilding incentives, and reduced input costs to bolster India’s competitiveness in the global shipping industry.