Immense opportunity available in defence shipbuilding: Shripad Naik

By Times Of India

With India’s maritime interests growing at a fast pace, in line with Prime Minister Narendra Modi’s vision of a $5 trillion economy by 2025, the country’s shipbuilding will see increased focus and demand, minister of state for defence Shripad Naik said on Friday.

Naik also said that the evolving geopolitical situation in India’s neighbourhood has also put a greater thrust on maritime safety and security, where Indian shipyards will have to contribute.

“As seen in the past, it is easier to breach the vast coastline and we need to be on guard in the current geopolitical scenario around us as we remain surrounded by hostile neighbours. We need to keep our country safe,” Naik said.

The Union minister was speaking at a virtual meet on shipbuilding opportunities at Goa Shipyard Limited (GSL) and Mazagon Dock Shipbuilders Ltd (MDSL) organised by Confederation of Indian Industry (CII).

“To counter threats, India needs to keep its coastline and the waters around under constant surveillance. Proactive and preventive capabilities are essential and the maritime forces have to play a lead role in such interfaces,” Naik said.

The ministry of defence is procuring over 140 new surface and subsurface vessels for the Indian Navy, the Indian Coast Guard and the marine police, and these contracts offer immense potential for MSMEs and shipyards, he said.

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