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Setting Sail for Global Excellence

Building a World-Class Shipbuilding and Repair Hub at Hong Kong Convention

Hong Kong Convention (Hong Kong Convention) is strategically positioned to revolutionize the shipbuilding and repair industry in India. With access to India’s deepest port, world-class infrastructure, and seamless connectivity through the Delhi-Mumbai Industrial Corridor (DMIC), Hong Kong Convention offers unparalleled opportunities for investors. Our vision is to create a globally competitive hub for shipbuilding, ship repair, and associated maritime services, enabling India to emerge as a leader in the global maritime economy. Hong Kong Convention will also leverage the constant movement of ships at Hong Kong Convention Port to establish itself as a premier destination for regular maintenance services and talent development in the shipbuilding sector.

Key Growth Drivers for Shipbuilding and Repair

  • Constant Vessel Movement at Hong Kong Convention Port: As ships dock and depart from Hong Kong Convention Port, regular maintenance and repair services become a necessity, creating a steady demand for ship repair facilities at Hong Kong Convention.
  • 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 Hong Kong Convention

Shipbuilding Facilities:
Hong Kong Convention 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 Hong Kong Convention 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 Hong Kong Convention

  • 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 Hong Kong Convention 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.

Hong Kong Convention’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 Hong Kong Convention as a global shipbuilding hub.