Gujarat Finalizing Ambitious Shipbuilding Policy

Monday, October 01, 2007
Gujarat, India’s top maritime state by cargo handled at state-owned ports, is finalizing a shipbuilding policy that has set an ambitious target to grab more than half of the country’s shipbuilding market by 2020, an official at the western state’s maritime regulator said. The state will be the first in the country to have a separate policy on shipbuilding. A draft policy prepared by the government seeks to extend tax holidays to shipbuilding projects for five years. Such projects will also be entitled to the same fiscal and duty benefits as those granted to so-called special economic zone (SEZ) projects of the Union government, said G.R. Jadega, technical adviser to the Gujarat Maritime Board. The government also plans to offer power at concessional rates to entities setting up yards and exempt them from octroi. The government will lease land to such firms. India’s share in global shipbuilding is expected to be around 15%, or $22b, by 2020, from the current level of 0.4%, aided mainly by cost advantages and an abundant supply of labour, according to a report prepared by Mumbai-based consultancy firm i-maritime Consultancy Pvt. Ltd. The Gujarat government proposes to invite private players to set up medium-sized yards capable of building ships with a cargo carrying capacity of 30,000-50,000 tonnes. More than 20 firms have shown interest to set up shipbuilding facilities in the state with investment plans of about Rs11,000 crore , and with a potential for 100,000 jobs. Six firms, including India’s biggest private sector shipbuilder ABG Shipyard Ltd, SKIL Infrastructure Ltd and the Adani Group are in the process of building full-fledged yards at Dahej, Pipavav and Mundra ports respectively. ABG and Larsen & Toubro Ltd currently have facilities to build ships at Hazira. The state’s maritime board has identified eight potential sites to build and repair ships. These include stretches of Mandvi to Modhva, Navlakhi to Jodia, Gogha to Mahuva, Khambhat to Jambusar, Okha to Que Island, Simar to Chhara, Vansi Borsi to Maroli, and Porbandar to Jaffrabad. With capacities in traditional shipbuilding nations such as Japan, South Korea and Norway booked for the next few years, global fleet owners have started looking at new destinations, including China, Vietnam and India to have their ships built. Gujarat government-owned ports hold 70% of the share of cargo handled among all ports run by maritime states in the country (130 million tonnes out of 185mt in fiscal 2007). [Source: www.livemint.com]

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Great Lakes Inks M.E., N.C. Coastal Protection Project Deals

Great Lakes Announces $55 Million in Subcontract Work in the Middle East and Award of $38 Million for a Domestic Coastal Protection Project Great Lakes Dredge

Olympic Subsea Vessel Bags Contract

Olympic Shipping has secured a contract for Olympic Delta, an inspection, maintenance and repair (IMR) vessel, with an international client  to work on a renewable energy project.

Asia Tankers-VLCCs Rates Ease as Tanker Jams Fade

Port congestion eases at Basra and Chinese ports; tanker demand set to expand on lower oil prices. Freight rates for very large crude carriers (VLCCs), hurt by slower-than-usual release of cargo,

Shipbuilding

Symphony Sun’ Launched in Leer

On Friday the 29th of April, Nb. 420 was launched in Leer. She was christened ‘Symphony Sun’ and is the fourth vessel in a series of 6 that will be delivered to Symphony Shipping.

SCHOTTEL Debuts EcoPeller with High-torque Gears

Propulsion and steering systems manufacturer SCHOTTEL has unveiled its new EcoPeller (SRE), which it said offers improved efficiency and robustness. Playing a

Fincantieri Delivers Carnival Vista

Carnival Vista, the new flagship of the fleet of Carnival Cruise Line, brand of the Carnival Group, was delivered today at Fincantieri’s shipyard in Monfalcone.

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0695 sec (14 req/sec)