Friday, Jun 02, 2023 | New Delhi 31*C

Now Gautam Adani will not only handle ports, but also build ships, know what is the plan

India's second richest man Gautam Adani will now not only manage the country's largest port but also build ships. He has fully prepared for this. Do you know what their plan is?
15 Day ago

Adani Port, owned by the country's second richest man and billionaire industrialist Gautam Adani, is currently the country's largest port management company. The same company also operates India's largest private port, Mundra Port. But now Gautam Adani has made a big plan to go ahead and build bigger ships in the country.

Adani Group has started moving towards building ships at its Mundra port. That's because countries like China, South Korea and Japan won't be building new ships until 2028, as major shipyards here are fully booked until 2028. In such a situation, global companies with fleets are focusing on other manufacturing sites, including India, to build new ships.

India will be included in the top-10

Currently, India is the twentieth largest shipbuilding country in the world. India's share of the world commercial shipbuilding market is only 0.05 percent. While in its 'Maritime India Vision 2030', the government has aimed to place India in the top-10 in this regard. This target has been placed in the top-5 in the 'Maritime Amrit Kaal Vision' of 'Viksit Bharat 2047'. In such a situation, this step of Gautam Adani will play an important role in achieving this goal of the government.

India will be included in the top-10

Currently, India is the twentieth largest shipbuilding country in the world. India's share of the world commercial shipbuilding market is only 0.05 percent. While in its 'Maritime India Vision 2030', the government has aimed to place India in the top-10 in this regard. This target has been placed in the top-5 in the 'Maritime Amrit Kaal Vision' of 'Viksit Bharat 2047'. In such a situation, this step of Gautam Adani will play an important role in achieving this goal of the government.

Adani's plans to build a ship

Looking at Gautam Adani's shipbuilding plan, he was already working on it, but Mundra Port's Rs. 45,000 crore expansion plan stalled it. According to media reports, Mundra Port has recently received clearances related to environmental and other coastal regulations for expansion. In such a situation he can now go ahead with this plan. However, no response has been given by Adani Group regarding this yet.

The world needs 50,000 ships

The news of the Adani Group launching a shipbuilding business comes at a time when the world is moving towards green ships to reduce carbon footprint. Along with this, the worldwide shipping fleet has to be replaced and about 50,000 ships have to be supplied to replace the ships of the entire world. Currently, India has 8 government and around 20 private shipyards for building ships. These include Larsen & Toubro's Kattupally shipyard near Chennai and the government's Cochin shipyard.

Download App from
playstore
appstore

Cryptocurrency News

Bitcoin Price
₹ 23,15,263 -2.89%
Bitcoin Price
₹ 23,15,263 +2.89%
Bitcoin Price
₹ 23,15,263 +2.89%

Advertisement