Updated on January 09, 2025 03:59:58 PM
The Make in India for Ports and Shipping caters for the vision of positioning India as the preferred maritime nation to support the growth of ship building and port infrastructure industries. As a result, the Make in India initiative creates job opportunities for the citizens by encouraging local production of assembly and technology manufacturing, thereby decreasing importation of goods from other countries. The given transformation not only augments the Indian maritime strength but at the same time serves as a great aid towards enabling the ports and shipping industry to act as a prominent actor in international commerce.
The Make in India in Ports and Shipping involves the development of Indian ports and shipping by encouraging manufacture of parts for ships, construction of ports, and all sorts of navigating and shipping services. The Make in India initiative promotes localization of ship construction, decreased importation of maritime products, and improvement of port facilities. The Make in India scheme improves the indigenous production and the use of advanced technologies that enhance the competitiveness of the Indian shipping industry in the global market. Make in India initiative policy is in line with the general vision of positioning India as a player in the international maritime business, as well as enhancing the capacity of the ports from within and shipyards.
The Make in India initiative for Ports and Shipping offers several advantages to businesses, including:
Several policies have been introduced to support the growth of the Ports and Shipping sector:
The PLI Scheme promotes production of components related to shipbuilding, and gives monetary rewards depending on the jobs done by the manufacturers within the country. This scheme is targeted at important sub-sectors including ship construction, harbor construction, and marine facilities.
The Public Procurement Order allows governments to only award contracts to domestic companies particularly for parts utilized in the construction of new ships. This would help enhance the competitive advantage of local manufacturers especially those with first-level local content in the procurement of government contracts. It also ensures that only suppliers with adequate localization have the chance of tendering for government contracts.
With reference to the Public Procurement Order made under the Act, there are some shipbuilding parts that have been categorized where Public procurement must be undertaken from Class I local suppliers. This includes:
This list of Class-I suppliers for these items is benchmarking in nature. This gives a format for procurement; however, there may be other Class-I suppliers in the market; such procuring entities have to adhere to all the procurement standard procedures outlined here without referring to the annexed list.
The Make in India for Ports and Shipping has boosted growth still the continuous issues demanding improvements are important to unlock the prospect of Make in India for boosting domestic edge and global competitiveness.
The Make in India for Ports and Shipping provides an active direction for enhancing Indian maritime industry capability while minimizing dependency on foreign equipment. Also by encouraging technological advancement and promoting investments, Make in India initiative also helps increase the viability of the industry in shipbuilding and ports infrastructures in India. There are obstacles like inadequate physical infrastructures, weak technologies and international competition. Sustaining these challenges and ensuring right policy coherence for implementation of India's maritime vision will be imperative to effectively transform and realise the prospects of the trade policy aimed at placing India on the global map of maritime industry, enhancing its shores’ shipping and port sectors.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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Make in India for Ports and Shipping facilitates the development of the domestic shipbuilding industry, decreases the importing of marine goods, and improves the application of modern technologies to improve the competitive advantage in the international maritime market.
The Make in India initiative provides incentives to develop a manufacturing ecosystem, creates employment opportunities across manufacturing, logistics and port sector, encourages investment through schemes such as Production Linked Incentive (PLI), enhances technology in shipbuilding and port sector, and boosts India’s competitiveness in the global maritime sector.
Some of the primary policy measures are the Production Linked Incentive (PLI) Scheme that encourages the domestic manufacturing of shipbuilding components and the Public Procurement Order (PPP-MII) that mandates that government’s relevant building parts and equipment purchase be sourced domestically.
Through promotion and support of manufacturing within the country, development of technologies and investment, the program intends to create a maritime nation and bring upgrades in the shipbuilding industry of India, transform existing ports and establish a superiority of the country in shipping and trading industries across the globe.
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