India Marine Tenders

India's marine market is a crucial sector that plays a significant role in the country's economy. With a coastline stretching over 7,500 kilometers, India is strategically positioned to capitalize on the vast potential of the marine industry. The sector encompasses a wide range of activities, including shipping, shipbuilding, offshore oil and gas exploration, fisheries, and marine tourism.
Key Figures
India's marine industry contributes approximately 9% to the country's GDP.
India's shipping industry handles over 90% of India's trade by volume.
India is the world's third-largest producer of fish and shrimp.

The Indian government is a significant player in the global marine procurement market, with a focus on strengthening its maritime capabilities and promoting a sustainable blue economy. In 2022-23, the government allocated an estimated ₹80,000 crore (approximately US$10 billion) to marine procurement, demonstrating its commitment to developing a robust and modern maritime infrastructure.
Several factors contribute to the substantial growth in India government marine procurement:
Protecting maritime interests and security: India's vast coastline and strategic location require a strong maritime presence to protect its territorial waters and economic interests. Procurement of naval vessels and maritime surveillance systems is crucial for safeguarding national security.
Enhancing maritime trade and connectivity: India's maritime trade is growing rapidly, and the government is investing in port infrastructure and navigation systems to facilitate efficient and secure maritime trade.
Promoting a blue economy: The government is committed to developing a sustainable blue economy that harnesses the potential of India's marine resources. Procurement of marine research vessels and technology is essential for ocean exploration and sustainable resource utilization.

Ships and vessels
Marine engines and equipment
Offshore oil and gas exploration equipment
Fishing vessels and equipment
Marine navigation and communication systems

The following are the top authorities responsible for marine procurement in India:
Ministry of Shipping
Indian Navy
Indian Coast Guard
Port Authorities of India

Some of the top winners of India marine procurement contracts include:
Larsen & Toubro
Cochin Shipyard Limited
Hindustan Shipyard Limited
Bharat Heavy Electricals Limited
Reliance Industries Limited

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