In response to escalating geopolitical tensions in West Asia and their impact on global trade, India has announced a major push to strengthen its domestic shipbuilding industry. Prime Minister Narendra Modi revealed in the Rajya Sabha that ₹70,000 crore has been allocated under the Make in India initiative to boost the country’s shipbuilding capabilities.
Emphasising the need for self-reliance, the Prime Minister stated that India must adapt to a rapidly changing global landscape. He highlighted that building domestic capacity is no longer optional but essential in the face of ongoing disruptions.
Global Crisis Impacting Supply Chains
The ongoing conflict in West Asia has significantly disrupted global supply chains, especially in the energy sector. The Prime Minister noted that while the situation has affected the global economy, India’s economic fundamentals remain stable.
He also mentioned that an inter-ministerial group has been formed to monitor developments and respond swiftly to emerging challenges.
A key concern is the Strait of Hormuz, a critical maritime route for oil, gas, and fertiliser shipments. The conflict has led to delays and disruptions, with several international vessels stranded in the region. Many Indian crew members are also aboard these ships, raising safety concerns.
Diplomatic Outreach Intensifies
India has stepped up diplomatic efforts to address the crisis and safeguard its strategic interests. The Prime Minister confirmed that he has held multiple discussions with leaders across West Asia and remains in contact with key countries, including Iran, Israel, and the United States.
Reiterating India’s stance, he stressed that attacks on commercial shipping are unacceptable and called for de-escalation through dialogue and diplomacy. With nearly one crore Indians living in Gulf nations, regional stability remains a top priority.
Evacuation and Citizen Safety
Highlighting the government’s focus on citizen safety, the Prime Minister said that large-scale evacuation operations are underway. Since the conflict began, more than 3.75 lakh Indians have been brought back safely.
From Iran alone, over 1,000 Indians have returned, including a significant number of medical students. He also acknowledged that some Indian nationals have lost their lives or sustained injuries during the conflict.
Energy Security Measures
To counter supply disruptions, India has taken several steps to ensure uninterrupted access to energy resources. The country now imports energy from 41 nations, diversifying its supply base.
The Prime Minister noted that India has significantly expanded its strategic oil reserves, with 53 lakh metric tonnes already in place and additional capacity under development. He assured citizens that sufficient reserves and supply arrangements are in place to avoid shortages.
Efforts are also underway to secure gas supplies and further expand refining capacity.
Focus on Agriculture and Power Supply
The government is also taking measures to protect critical sectors such as agriculture and power. Adequate fertiliser stocks have been ensured to support the upcoming Kharif season.
Food security remains stable, with sufficient grain reserves available due to strong agricultural output. On the power front, thermal plants have been stocked with enough coal to meet rising summer demand.
Additionally, seven empowered groups have been established to closely monitor the situation and coordinate response strategies, similar to mechanisms used during the Covid-19 pandemic.
Outlook
While India is taking proactive steps to strengthen resilience, the Prime Minister warned that prolonged instability in West Asia could have far-reaching consequences for the global economy.
He reiterated that India will continue to pursue diplomatic solutions, safeguard its citizens, and ensure uninterrupted supply of essential resources during this period of uncertainty.
Originally published on 24×7-news.com.
