The story of India’s government, led by prime minister Narendra Modi, setting a goal to become a top 10 shipbuilder by 2030 and a top five one by 2047 has been doing the rounds for some time now, but how feasible is it and what must happen for that to become a reality. 

“For India to improve its position in the global shipbuilding rankings, it must develop both the necessary facilities and the broader infrastructure and supplier networks to support a competitive domestic shipbuilding industry. Financial incentives, subsidies, and tax breaks will be instrumental in kick-starting this process,” MSI’s Managing Director, Dr Adam Kent says. Read more at Splash247.com