New Delhi - India wants to rank in the top ten shipbuilding nations by 2030, according to the Indian secretary for the Ministry of Ports, Shipping & Waterways. Compared to the current contribution of less than 1% to global shipbuilding, this will represent a major rise. “We must grow at a CAGR of at least 17–18% if we wish to transport 20% of our freight. In the next five years, this is ten or twenty times (our current output levels),” stated T K Ramachandran, the Shipping Ministry Secretary.
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