Shipbuilders from Japan, Korea keen to invest here: Sarbananda Sonowal

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Shipbuilders from Japan, Korea keen to invest here: Sarbananda Sonowal - Business Standard

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The minister also said the government’s fillip to shipbuilding had prompted state-run and private shipbuilders to invest further.“They are looking to expand their operations, which could mean increasing their shipbuilding capacity, enhancing technological capabilities, or diversifying their product offerings,” he said.

On Friday, the ministry announced plans to build multiple shipbuilding clusters in collaboration with coastal states to meet its ambitious targets.

Sonowal said the focus was to identify and repurpose existing tracts of land that may be underutilised or not utilised to their fullest potential.“These lands could be under the purview of state maritime boards, located within the premises of ports, or situated within industrial corridors,” he said.