HomeIndustry NewsIndia’s time to lead in Shipbuilding: Arun Sharm

India’s time to lead in Shipbuilding: Arun Sharm

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India’s shipbuilding industry, though not very large, contributes less than 1% to global shipbuilding tonnage. This however, presents a significant opportunity for the sector to expand capacity and increase its market share globally.

The government has set ambitious plans for India to become one of the top 10 shipbuilders in the world, but the path to achieving this goal is challenging. One organization playing a key role in this effort is the Indian Register of Shipping (IRS).

As a leading classification society and a member of the International Association of Classification Societies (IACS), IRS recently entered its golden jubilee year. Under the leadership of Executive Chairman Mr Arun Sharma, the organization has intensified its focus on maritime safety and quality, leading to significant progress in recent years.

“Our services are now increasingly in demand from foreign-flag vessels. From being 10% foreign-flag, we have grown to over 55%. We are among the top 10 classification societies since 2013,” stated Mr Sharma, in an exclusive interview to Vizag Industrial Scan.

A recipient of India’s highest maritime recognition, the Varuna Award, Mr Sharma has been leading IRS since 2012, guiding it to new heights of success. He has also served as Chairman of IACS during 2019-2020. Speaking to VIS Mr Sharma discussed IRS, India’s shipbuilding industry, the need for sustainability, and the future of the sector.

1.As the Indian Register of Shipping completes 50 years, how would you describe the organisation’s journey from its inception to becoming a globally recognised classification society?

The Indian Register of Shipping (IRS) has undergone a remarkable journey over the past 50 years, evolving from its inception in 1975 as an India centric organisation, serving India’s maritime sector, into a globally recognised classification society. 

Today, IRS ranks among the top 10 classification societies, offering a wide range of services including ship classification, statutory certification, and technical consultancy. This transformation is a testament to IRS’ commitment to technical excellence, quality, and innovation.

2.The maritime industry is undergoing rapid transformation with an increasing focus on sustainability and decarbonisation. How is IRS positioning itself to support the industry in meeting these challenges?

With maritime industry’s increasing focus on sustainability and decarbonisation, IRS is positioning itself as a key enabler of this transformation. IRS collaborates with industry stakeholders to develop guidelines and frameworks aligned with international regulations such as the IMO’s climate goals. 

The organisation is actively involved in Joint Industry Projects (JIPs) to advance the use of alternative fuels and cleaner shipping solutions, including electric and hydrogen-powered ferries apart from developing guidelines for new fuel technologies, such as methanol, ammonia, and LPG.

3.Looking ahead, what are the strategic priorities for IRS in the coming years, and how do you see the organisation evolving in response to the future needs of the maritime industry?

Looking ahead, IRS strategic priorities focus on innovation, global expansion, and enhanced service offerings. 

The organisation has partnered with Dassault Systems for its digital transformation initiatives to provide smarter, more efficient services. We also aim to broaden our services in developing alternative fuel ecosystem to meet the evolving needs of the maritime industry.

4.If you could talk us thru on some of the expansion plans of IR class into other global markets?

IRS has offices in global maritime hubs and has also established Advisory Committees in India, Singapore and UAE towards enhancing industry collaboration, providing expert guidance on regional challenges, and strengthening its global outreach in line with evolving maritime trends and regulations. 

Going forward, we are focusing on further expanding in regions like Middle East, Africa and Latin America, where we see good potential for growth. 

We aim to deepen our relationships with key stakeholders in these regions and establish IRS as a trusted partner.

5.The government is mulling the idea of establishing shipbuilding and ship repair centres across maritime states in India. There is one mooted for AP too. How do you think this would impact sector?

The government’s plan to establish shipbuilding and repair centres across India’s maritime states, including Andhra Pradesh, will positively impact the sector by boosting shipbuilding capacity, reducing reliance on foreign repair yards, and creating jobs. 

These initiatives provide IRS with new opportunities for offering classification and certification services, further contributing to the growth of India’s maritime industry.

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