Building on 5,000 Years of Innovation — Sanjeev Sanyal on India’s Shipbuilding Revival

Throughout history, a robust shipbuilding capacity has been one of the defining features of a major power. As India embarks on its great power journey, raising a robust global shipbuilding hub is a critical requirement for it. At the moment, India accounts for less than a single percentage point of the global shipbuilding industry. Going ahead, the government has targeted India emerging as one of the top 10 shipbuilding nations by 2030 and among the top 5 by 2047. Global maritime assets are currently valued at over $1 trillion; redirecting and reconstructing fleets means that there will be lucrative investment opportunities for the private sector in India. This panel will explore the opportunities, challenges, and strategies necessary to achieve India’s objective of building a vibrant shipbuilding sector.

In-Conversation:
Sanjeev Sanyal, Member, Prime Minister’s Economic Advisory Council, India
Samir Saran, President, Observer Research Foundation, India

#Sagarmanthan2025 #IMW2025 #MaritimeIndia #BlueEconomy #GlobalConnect