Indian shipyards double delivery pipeline, but still hold only 0.5% of global orders
While Indian shipyards have doubled their delivery pipeline, they still account for only 0.5% of global orders, trailing significantly behind leaders like China and South Korea. The government aims to boost this capacity through a major investment package by 2030.
Why it matters
Expanding the shipbuilding sector is a key strategic goal for India to improve its industrial manufacturing footprint and global trade logistics.
Indian shipyards double delivery pipeline, but still hold only 0.5% of global orders left A view of Cochin Shipyard Ltd (CSL), largest shipbuilding and maintenance facility in India. The Hindu The Hindu https://th-i.thgim.com/public/incoming/e7eq8/article71612022.ece/alternates/FREE_1200/BIZ-LD-SHIPS-ORG9IGKTGIA.4.jpg.jpg THULASI KAKKAT KOCHI, Kerala, 21/08/2022 : A view of Cochin Shipyard Ltd (CSL), largest shipbuilding and maintenance facility in India. Photo : Thulasi Kakkat/The Hindu India’s shipbuilding push faces uphill battle as China dominates global orders. CHENNAI Indian shipyards held an order book of 1.1 million compensated gross tonnage (CGT) as of September 1, 2026, accounting for just 0.5% of the global total, highlighting the scale of the challenge facing the country’s ambition to emerge as a major shipbuilding hub. India ranked 12th globally, trailing China, South Korea, Japan, Italy, Russia, France, Vietnam, Germany, the Philippines, the U.S. and the Netherlands, Niels Rasmussen, Chief Shipping Analyst at BIMCO, the international shipping association, told The Hindu.
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