2025-01-14 05:51:03 pm | Source: Swan Defence and Heavy Industries
Budget Expectation Quote on Shipping Sector by Vivek Merchant, Director, Swan Defence and Heavy Industries
Below the Budget Expectation Quote on Shipping Sector by Vivek Merchant, Director, Swan Defence and Heavy Industries
Budget Expectation:
"The Indian government’s emphasis on improving shipping infrastructure and promoting indigenous shipbuilding has significantly transformed the sector. India holds a mere 0.05% of the global market share in shipbuilding, in stark contrast to China (~47%), South Korea (~30%), and Japan (~17%), which currently dominate the industry.
Therefore, new Government initiatives and improved budgetary allocations for ports and shipyards could be game changers, showcasing a clear vision for a robust maritime economy. The announcement of India’s Maritime Development Fund (MDF) for long-term indigenous manufacturing projects and the anticipated Shipbuilding Subsidy (SBS) Policy 2.0 could further strengthen the ecosystem, encouraging greater self-reliance and competitiveness.
As we approach 2025, it is crucial for the Union Budget to prioritize investments in shipbuilding infrastructure, incentivize green technologies, and create export opportunities for Indian shipyards."
Sustainability and Innovation:
"As the global maritime industry pivots toward sustainability, Swan’s Shipyard is prioritizing the development of eco-friendly ships with hybrid propulsion systems. Our facility is equipped to handle advanced fabrication projects while adhering to stringent quality standards. India’s commitment to reducing its carbon footprint and embracing green technologies will define the next decade of maritime growth. At Swan, we are proud to contribute to this journey by building a sustainable and self-reliant shipbuilding ecosystem."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
'India's bold maritime legislation to unlock potenti...
Haryana CM seeks investments by Japanese companies
APEC CEO Summit to put AI in focus as global tech le...
US tariffs not a bitter pill for Indian pharma makers
Apple iPhone 17 Air and 17 models see strong sales i...
Nil GST boost: LIC sees Rs 1,100 crore inflows on fi...
India to lead global green hydrogen push due to its ...
IPO-bound whisky maker Alcobrew Distilleries? revenu...
Tripura sees 64.07 pc surge in domestic tourism: Min...
Low probability of rate cut in Oct as underlying fac...
Tag News
Technical Forecast : Nifty tanks; crucial support at 24450-24500 band by Vaishali Parekh, Vi...
Quote on Copper Market Commentary for 26th September 2025 by Mr. Navneet Damani, Head of Commodity Research, Motilal Oswal Financial Services Ltd
Quote on Weekly market by Mr. Jyoti Prakash, Managing Partner, Equity and PMS, AlphaaMoney
Quote on Trump`s announcement of 100% duties on branded drugs by Mr. Tushar Manudhane, Senior Vice President, Institutional Research Analyst – Healthcare, Motilal Oswal Financial Services Ltd
