Setting Sail for Global Excellence
Building a World-Class Shipbuilding and Repair Hub at Semicon City
Key Growth Drivers for Shipbuilding and Repair
- Constant Vessel Movement at Semicon City Port: As ships dock and depart from Semicon City Port, regular maintenance and repair services become a necessity, creating a steady demand for ship repair facilities at Semicon City.
- Sagarmala Project: The government’s flagship program aims to reduce logistics costs and boost port-led development with an investment of USD 120 billion.
- Growing Fleet Modernization: India’s naval and commercial shipping fleet modernization offers immense opportunities for shipbuilding and repair.
- Export Potential: India is emerging as a preferred destination for building and repairing specialized vessels like tugs, barges, and offshore supply ships.
Key Opportunities at Semicon City
Shipbuilding Facilities:
Semicon City provides ready infrastructure to build a wide range of vessels, from bulk carriers and tankers to ferries and naval ships.
Ship Repair and Maintenance Hubs:
Set up modern ship repair facilities, including dry docks and maintenance yards, to cater to the regular maintenance needs of vessels docking at Semicon City Port.
Talent Development Programs:
Collaborate with regional educational institutions to introduce courses in shipbuilding and repair, ensuring a skilled workforce to meet industry demands.
Green Shipbuilding:
Leverage emerging technologies to build eco-friendly vessels and support sustainability in the maritime sector.
Infrastructure Support at Semicon City
- Dry Dock Facilities:
Large-scale dry docks for repairing and building diverse vessel types, including large cargo ships and naval vessels. - Specialized Repair Yards:
Customizable repair yards designed to support quick turnaround times and minimize downtime for vessels, especially those docking at Semicon City Port. - Advanced Logistics:
Seamless multimodal connectivity through ports, railways, and highways for cost-effective transport of goods and raw materials. - Plug-and-Play Ecosystem:
Ready-built facilities and utilities to reduce setup time for shipbuilding and repair projects.
Government Initiatives Supporting Shipbuilding Investments
- Shipbuilding Financial Assistance Policy (2015-2026):
Provides financial incentives of up to 20% to shipyards for building new vessels. - Sagarmala Project:
Focuses on port modernization, connectivity, and the development of coastal and inland water transport. - 100% FDI Policy:
100% FDI allowed under the automatic route for shipbuilding and maritime infrastructure. - Subsidy Schemes:
Incentives for modernization of shipyards and upskilling of the maritime workforce.
Semicon City’s Dedicated Services for Shipbuilding Investors
Investor Targeting:
Identify and attract global shipbuilding and repair companies looking to expand in India.
Facilitation Services:
Assist investors with regulatory clearances, infrastructure access, and workforce mobilization.
Aftercare Services:
Provide continuous support to ensure smooth operations and scalability for businesses.
Promotional Activities:
Host maritime summits, international roadshows, and networking events to position Semicon City as a global shipbuilding hub.