Gujarat state government is all set to introduce a ship-building policy in order to give a push to the ship-building industry.
In recent years, Gujarat has emerged as a major destination for development of ports and port-based facilities catering to the needs of the vast hinterlands of north and central India. Traffic on Gujarat coast is increasing at the rate of 15% per annum. The proposed policy talks about a number of initiatives, including creating global competitiveness, simultaneous competition and co-operation. The government is also planning to offer tax concessions. The shipyards will be developed in clusters called Marine Shipbuilding Park. These parks will be accorded the status of SEZs.
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