A mid policy movements on India's lofty shipbuilding targets, the ports, shipping, and waterways ministry on Friday deliberated with coastal states on the possibility of establishing shipbuilding and ship repair clusters to promote the domestic supply chain.
This initiative aims to consolidate shipbuilding capabilities across regions, fostering greater efficiency and innovation, the ministry said in a statement after the conclusion of 20th Maritime State Development Council (MSDC) meet in Goa.
"By integrating resources and expertise from various states, the park is set to become a key hub for the maritime sector, driving growth and reinforcing India's position on the global shipbuilding stage," the ministry said.
This story is from the September 14, 2024 edition of Business Standard.
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This story is from the September 14, 2024 edition of Business Standard.
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