India's Maritime Amrit Kaal Vision 2047 targets making India a top-five global shipbuilder with massive investment and job creation. This news is crucial for understanding the government's push in capital-intensive strategic sectors and the associated employment multiplier effect, a key theme for GS-III (Economy & Infrastructure).
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- ›Job Multiplier: 1 direct job creates 6.4 jobs
- ›Target Year: 2047
- ›Target this Data: The exact job multiplier ratio of 6.4 and the total Cabinet package of ₹69,725 crore.
- ›Target this Nodal Body: Mazagon Dock Shipbuilders Limited (MDL) as the central PSU and the Union Cabinet for the approval.
- ›Target this Policy: The 'Maritime Amrit Kaal Vision 2047' and its twin targets of 4.5 million GT capacity and top-5 global ranking.
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