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The Economic Times

Economy / The Economic Times

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India poised to become global shipbuilding hub: Defence Minister Rajnath Singh

India is set to become a global shipbuilding hub, addressing a market vacuum. The nation will focus on design, manufacturing, and MRO services for growth. This strategic move aims to leverage declining capacity in traditional shipbuilding nations. Expansion projects at GRSE and YIL will bolster indigenous capabilities significantly. India's growing naval strength and maritime security needs will be supported.

23 Aug 2026 10:58 pm