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By:

Quaid Najmi

4 January 2025 at 8:56:24 pm

Aaditya bats for ‘truth’

Mumbai: Two days after the Central Bureau of Investigation (CBI) registered a FIR in the Disha Salian case, Shiv Sena (UBT) MLA and ex-Minister Aaditya Thackeray broke his silence – to proclaim that he would “fight for truth and against injustice”, here on Wednesday. “For the sake of truth, against injustice, our fight will continue,” vowed Aditya, daring his opponents that all attempts to silence him through ‘politically motivated character assassination’ will not succeed. Thackeray Jr’s...

Aaditya bats for ‘truth’

Mumbai: Two days after the Central Bureau of Investigation (CBI) registered a FIR in the Disha Salian case, Shiv Sena (UBT) MLA and ex-Minister Aaditya Thackeray broke his silence – to proclaim that he would “fight for truth and against injustice”, here on Wednesday. “For the sake of truth, against injustice, our fight will continue,” vowed Aditya, daring his opponents that all attempts to silence him through ‘politically motivated character assassination’ will not succeed. Thackeray Jr’s assertion came after the CBI recorded the statement of Disha Salian’s father Satish Salian as per the September 2 directives of the Bombay High Court handing over the case probe to the central agency. Taking to X today, Aaditya said: “To stop the dust of rumors once again, I'm stating only and only the facts! Let’s cut through the noise and talk facts, once again. I have never met Disha Salian, nor did I have any acquaintance with her, or have known her." Nevertheless, Aaditya said that for the past six years, due to political motives arising out of personal enmity and with the intent of character assassination, “some people have been deliberately trying to link my name to this unfortunate incident repeatedly, despite there being no evidence or connection whatsoever”. With an apparent tinge of regret, the SS (UBT) MLA said that the false discussions on television channels and media trials carried out through empty bluster cannot alter the truth. “Loud TV debates and media trials do not change the facts. Let the official re-investigation proceed without malicious distractions and relentless smear campaigns run by vested interests without a single shred of evidence and truth is highly unfortunate,” Aaditya said. The controversy dates back to June 2020, when Disha Salian, 28, a celebrity manager who had worked with the late actor Sushant Singh Rajput, died after falling from a high-rise building in Malad. The Mumbai Police initially investigated the death as an accidental-death matter and subsequently concluded there was no foul play. Later however, her father Satish Salian challenged the handling of the case and sought a fresh investigation. Allowing his plea, the high court ordered the CBI to register an FIR and conduct a substantive investigation with an open mind into the circumstances surrounding her death. Crucially, the court also stated that it was not making findings against any individual and directed that no person be treated as an accused unless material emerged during investigations.

Indian Shipbuilding A Must Win Marathon

Writer: Capt. Naveen S Singhal
Capt. Naveen S Singhal
Dec 5, 2024
4 min read
Shipbuilding

With a coastline of 7500 KM, it is hard to imagine, that for the first 20 years (1947-1967) India had no ‘shipping ministry’. In 1967 a Shipping ministry “coupled” with ROAD transport was established. Since then, this ministry has been on a name changing ride, not once, not twice but six times. In 2009 the “ROAD Transport and Highways” was de-coupled and ‘Shipping’ ministry was formed. Turning point came in 2015 with a clear maritime vision for 2030 and 2047. Ministry was re-christened, aptly to Ministry of “Ports, Shipping and Waterways” in 2020.


Why is Shipbuilding important for a country?

a. A Shipyard becomes an opportunity hub and like a queen bee requires the support of an industrial colony to manufacture machinery and equipment.

b. National Shipyards support fleet renewal needs of the Navy.

c. Contributes to national GDP, increases inflow of FOREX.


Korea shipbuilding is 8% of GDP. Japan’s automobile industry is 2.9% of GDP. India’s shipbuilding a meagre 0.000578% of GDP. In context, India’s pharmaceutical industry, ranked third largest in the world is 1.72% of India’s GDP.


International Shipbuilding Market

The market is estimated to reach around USD 200 billion by 2029, growing at a CAGR of 4.84%. While India is at bottom with 0.07% of world share, behind Philippines 1.5% and Vietnam 1%, however on the positive side, India has done well in taking care of its defence needs, with 37 of 39 Naval ships being built in India yards. Rear Admiral S Shrikhande researching on maritime as a Fellow at Wollongong University, Australia, says “Shipbuilding in India needs both, serious incentivisation and dogged determination and not harping on being a big ship breaking country. That Garden Reach shipyard has a $54 million order for merchant ships from a German owner, is a good sign.”


Were Shipyards of 20th century in Flight mode?

Prominent shipyards in India were built in the colonial period. Mazagon Dock 1774, Garden reach 1884, Hindustan shipyard 1941 to cater to British navy and merchant fleet needs. Cochin shipyard 1972, Adani Katupalli 2013, Reliance Naval and Engineering, Rajula Gujarat 1997 and others have limited capacity, hence a lot more work to do. Capt. Subhangshu Dutt (Singapore) a mariner and now a shipowner, says “GOI should hold hands in any collaboration till the marriage with the foreign entity is reasonably stable. He also suggests that “new shipbuilding sites should be given to existing successful shipyards since they have decades of experience and talent. Consortium of 3 or more parties may also be good idea”.


Shipbuilding GOLD

As per SPLASH report the demand for LCO2 carriers could reach 2,500 ships by 2050. As per other estimates, 40% of global fleet of ships could have wind propulsion by 2050. A surge in such vessels is due to an unparallel waves of decarbonization in the shipping industry. Demand for ships with ‘carbon neutral’ badges, such as Dual fuel, Wind assisted, Nuclear fuel ships, Hydrogen powered ships, Liquified CO2 (LCO2) carrier, is outstripping supply. A must in the ‘bucket list’ of every Shipyard. Pinning down a standard ROI in shipbuilding is not easy, but experts suggest it could range from 4% to 15% for the high demand ‘carbon neutral’ ships. While an LNG new build vessel could cost US$ 250 million upwards.


International collaboration

On China’s shipbuilding success story, Manoj Pandalanghat (Singapore) a mariner and ship owner believes that “China has around 50 active Shipyards. Each have a few large dry docks. In each dock two or more large vessels are built simultaneously. Thus, a single yard is able to roll out 2/3 vessels/month, 36 vessels/year and 50 shipyards roll out 1800 vessels/year”.


China could be a jaldi-5, but India needs a sturdy Mount Fiji. Besides technology, Japanese bring the most important hand baggage of soft-skills and culture, essential for success from keel laying to delivery. Maruti’s is a standing example.


Food for thought for New Delhi

a. Expertise: Hire Naval Architects and shipbuilding experts with current international experience.

b. Government assistance: Land, Financial support, subsidies and timebound clearances.

c. Monitoring: PMO should monitor the first 5 to 10 years till Shipbuilding takes-off on this long-haul flight to destination 2047.


India’s Shipbuilding is expected to grow to $237 billion by year 2047. On a back of the envelope calculations this works out to about 4% of India’s 2047 projected GDP of $ 5 trillion. While cars are driven on roads, however the Ministry of roads and transport has little to do with “Automobile manufacturing”. On a similar note, ‘Shipbuilding’ as an industry has little to do with Ports, Shipping and Waterways, thus it may be worthwhile to consider a separate ‘Ship-building’ wing in the Ministry of Ports, Shipping and Waterways headed by a dynamic cabinet rank minister. Since 2047 targets are stiff and an uphill task, so in all probabilities, the officials in Ministry of Ports, Shipping and Waterways are likely to push beneath the carpet, delays and failures of Shipbuilding with sweet success stories of “Ports, Shipping and Waterways” and if this does happen then India will not only miss the Shipbuilding bus of 21st century but a lot more from a national security and strategic perspective.


(The author is a Shipping and Marine consultant. Member Singapore Shipping Association and empaneled with IMO as a specialist consultant. Views personal.)

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