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Maritime Industry | India
With a 7500 km coastline, strategic location and bordering several important shipping routes, India is an important maritime country.
Ports & Industry
India’s marine industry consists of ports, trans-shipment, ship building and ship-repair. The country has 12 major ports, 6 on the east coast and six on the west coast and approximately 187 smaller ports, united in the Indian Ports Authority. Approximately 90% of the country’s trade by volume and 70% by value moves through maritime transport.
India has a long history in shipbuilding and is home to over 28 shipyards. Eight of these yards are owned by the government and mainly build naval vessels. The privately-owned yards specialize in general cargo, bulk-carriers and offshore vessels. The government of India has been taking several initiatives to ensure the growth and development of the maritime industry. The most important being the ‘Shipbuilding Financial Assistance Policy’. This policy grants a subsidy of 20% on all local new ship orders. These measures are part of the ‘Made in India Initiative’ issued by the government in 2010.