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Gautam Adani plans to build ships at Mundra port, India’s largest, to capitalize on India’s ambitions to become a leading shipbuilder.
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The global shipping industry is shifting towards green ships, and Adani aims to tap into this opportunity with a Rs 45,000 crore expansion plan.
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Indian shipyards need to increase their output significantly to compete with global players, and Adani’s SEZ status could help overcome tax and financial challenges.
Gautam Adani is set to venture into shipbuilding at Mundra port, India’s largest, as part of his Rs 45,000 crore expansion plan. This move aligns with India’s ambitions to become a leading shipbuilder, as outlined in the Maritime India Vision 2030. With the global shipping industry shifting towards green ships to meet decarbonisation goals, Adani aims to tap into this opportunity.
However, Indian shipyards face significant challenges, including low output and high costs. To compete with global players, Indian shipyards need to increase their annual output substantially. Adani’s SEZ status could help overcome some of these challenges, providing a competitive edge in the industry. As the global demand for green ships grows, Adani’s entry into shipbuilding could be a game-changer for India’s shipbuilding industry.
