Shipbuilding, Repairs and Recycling

Yard modernisation, ship repair and refit capacity, and green recycling across the full vessel lifecycle.

Why This Matters

Shipbuilding & Recycling

India is now the world's leading ship recycling nation - UNCTAD put its share of global tonnage at 35.4% in 2025, meeting the Maritime India Vision 2030 target five years early - but it still builds and repairs very little of its own fleet, so the value in a vessel's life leaves the country twice. Building, repairing and recycling are one asset lifecycle; treating them as one vertical is what turns a breaking yard into a materials, remanufacturing and shipbuilding industry.

Anchor Missions

Maritime Amrit Kaal Vision 2047, National Shipbuilding Mission, Shipbuilding Financial Assistance Scheme (extended to 2036), Shipbuilding Development Scheme, Maritime Development Fund (Rs. 25,000 crore), Hong Kong Convention (in force 26 June 2025)

Key Stakeholders

MoPSW, Cochin Shipyard, Hindustan Shipyard, GRSE and Mazagon Dock, Gujarat Maritime Board and the Alang-Sosiya yards, Indian Register of Shipping, classification societies, marine equipment MSMEs

International Stakeholders

HD Hyundai and Hanwha Ocean, Damen Shipyards, Fincantieri, Wartsila, MAN Energy Solutions, Lloyd's Register, DNV, Bureau Veritas, Sea2Cradle, IACS

Stakeholder Integration for yard modernisation, digital design and modular construction for commercial, coastal and inland fleets

Ship repair and refit clusters support, marine ancillary supply chain advisories

Green recycling, material recovery and remanufacturing process advisories

International collaboration for marine equipment, including hybrid and alternative-fuel systems

Discuss a deployment opportunity in this vertical

Connect With AMRIT HARI Gloabal Advisories