In what could be a major push for domestic shipbuilding sector, the Ministry of Shipping is said to be mulling on making the use of domestically manufactured barges mandatory for coastal and inland waterways movement, reports Economic Times.
The development comes after the ministry had recently directed all the major ports in the country to only procure or charter tug boats which have been made in India. All the procurements being pursued by the major ports will now need to be carried out as per the revised 'Make in India' Order issued by Shipping Ministry.
The ministry is said to be considering the idea as a part of its exercise to formulate the Maritime Vision 2030.
The development of the domestic shipbuilding industry with a special focus on the local manufacturing of barges is one of the key agendas of the government. It is also looking to bring down the cost of barges to make the Indian industry more competitive for the export markets.
The ministry is also looking to accord infrastructure status to ships besides pushing the PSUs to use coastal and inland waterways to generate demand for Indian barges.
At present, the ship-building industry remains concentrated in nations like China, Japan and South Korea, with India being a leading global player in ship recycling.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 999/year is the best way you can support our efforts.