Setting Sail for Global Excellence
Building a World-Class Shipbuilding and Repair Hub at IFSWF
Why Invest in India’s Shipbuilding Sector?
Strategic Location
India’s vast coastline of 7,517 kilometers offers immense potential for shipbuilding, repair, and maritime trade.
Expanding Market
India is the 15th largest maritime nation in the world, handling 95% of its trade by volume through its ports.
Government Focus
Policies like the Sagarmala Project and Shipbuilding Financial Assistance Policy aim to transform India into a global shipbuilding hub.
Growing Domestic Demand
India’s thriving blue economy and rising naval modernization needs are driving growth in shipbuilding and ship repair.
Why IFSWF for Shipbuilding and Repair?
Proximity to India’s Deepest Port
IFSWF’s location near JNPT Port ensures efficient logistics, faster turnaround times, and access to international shipping lanes. The constant movement of vessels at the port creates a sustained demand for maintenance and repair services.
Integrated Maritime Infrastructure
State-of-the-art dry docks, repair yards, and shipbuilding facilities designed to cater to diverse vessel types and sizes.
Skilled Workforce Development
IFSWF is committed to nurturing a talent pipeline by partnering with local colleges and institutions to introduce specialized courses in shipbuilding, repair, and maintenance. This ensures a steady supply of skilled professionals for the industry.
Robust Ecosystem
A thriving industrial park with a cluster of maritime auxiliary industries ensures cost-efficient operations and reduced lead times, making IFSWF the ideal hub for shipbuilding.
Key Growth Drivers for Shipbuilding and Repair
- Constant Vessel Movement at JNPT Port:
As ships dock and depart from JNPT Port, regular maintenance and repair services become a necessity, creating a steady demand for ship repair facilities at IFSWF. - Sagarmala Project:
The government’s flagship program aims to reduce logistics costs and boost port-led development with an investment of USD 120 billion. - Growing Fleet Modernization:
India’s naval and commercial shipping fleet modernization offers immense opportunities for shipbuilding and repair. - Export Potential:
India is emerging as a preferred destination for building and repairing specialized vessels like tugs, barges, and offshore supply ships.
Key Opportunities at IFSWF
Shipbuilding Facilities:
IFSWF provides ready infrastructure to build a wide range of vessels, from bulk carriers and tankers to ferries and naval ships.
Ship Repair and Maintenance Hubs:
Set up modern ship repair facilities, including dry docks and maintenance yards, to cater to the regular maintenance needs of vessels docking at JNPT Port.
Talent Development Programs:
Collaborate with regional educational institutions to introduce courses in shipbuilding and repair, ensuring a skilled workforce to meet industry demands.
Green Shipbuilding:
Leverage emerging technologies to build eco-friendly vessels and support sustainability in the maritime sector.
Infrastructure Support at IFSWF
- Dry Dock Facilities:
Large-scale dry docks for repairing and building diverse vessel types, including large cargo ships and naval vessels. - Specialized Repair Yards:
Customizable repair yards designed to support quick turnaround times and minimize downtime for vessels, especially those docking at JNPT Port. - Advanced Logistics:
Seamless multimodal connectivity through ports, railways, and highways for cost-effective transport of goods and raw materials. - Plug-and-Play Ecosystem:
Ready-built facilities and utilities to reduce setup time for shipbuilding and repair projects.
Government Initiatives Supporting Shipbuilding Investments
- Shipbuilding Financial Assistance Policy (2015-2026):
Provides financial incentives of up to 20% to shipyards for building new vessels. - Sagarmala Project:
Focuses on port modernization, connectivity, and the development of coastal and inland water transport. - 100% FDI Policy:
100% FDI allowed under the automatic route for shipbuilding and maritime infrastructure. - Subsidy Schemes:
Incentives for modernization of shipyards and upskilling of the maritime workforce.
IFSWF’s Dedicated Services for Shipbuilding Investors
Investor Targeting:
Identify and attract global shipbuilding and repair companies looking to expand in India.
Facilitation Services:
Assist investors with regulatory clearances, infrastructure access, and workforce mobilization.
Aftercare Services:
Provide continuous support to ensure smooth operations and scalability for businesses.
Promotional Activities:
Host maritime summits, international roadshows, and networking events to position IFSWF as a global shipbuilding hub.
