Anil Aggarwal, chairman of Metal Sector company Vedanta Limited, has also expressed concern over the condition of the shipping industry in the country. He said that India's shipping industry needs to be improved immediately. India is far behind China in maritime trade. In today's time, there is a complete dominance of Chinese ships in international business.
98 percent of the world's business ships either run Chinese companies or they use ships made in China. Let me tell you, 30 percent of the 20 percent of the world's fleet is Made in China.
Did you know that while china has over 5,000 large ships in its commercial fleet, India has less than 500?
International Trade is totally dominated by chinese vessels. In Fact, 98% of the World's Commercial Fleet is Run By Companies that are eater chinese, or use pic.twitter.com/zwepofdr2f
- Anil agarwal (@anilagarwal_ved) April 4, 2025
Anil Aggarwal wrote on X that you know that China has more than 5 thousand commercial ships and India has less than 500. This clearly shows that China has dominance in ships. 98 percent of the world's business ships either run Chinese companies or they use ships made in China. India is surrounded by the sea on three sides and has a rich maritime history.
On this, Vedanta Limited Chairman Anil Aggarwal said that everyone will have to work together to get this target. We have to put our strength completely for our strategic interests. In 1999, China's stake in the global shipbuilding market was just 5 percent, which increased to 50 percent by 2023. At the same time, China has more than 19 percent stake in Commercial World Fleet in January 2024. This shows what is China's status in the global shipping industry.
In recent times, it is at number 16 in terms of maritime strength. India's target is to join the top 10 ship -making countries by 2030 and come to the top 5 by 2047. In the recent times, India is starting many schemes to make India its hurdle in shipping.
