Boats In India – Journey Of Boats In India

By Author: The ESTD
Total Articles: 4
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The journey started approx 130,000 years back, when there were no elaborate modes of transport, a group of men embarked on a trip to discover a new place on a log of wood. They rowed this log of wood often to discover new places to settle in or explore new locations for business.. Over the centuries, this log of wood from being the only medium of transport has now become one of the most prized possessions of the riches of the world- a status symbol. These simple logs of wood have come a long way to evolve into stunning vessels of the sea.

An evening stroll down the Gateway of India, Mumbai, one witnesses the picturesque view of luxury boats parked at the bay. With India’s vast coastline of 4671 miles combined with the growing numbers of HNIs, leisure sailing has become extremely popular in the country over the last 5 years. Today, an increasing number of Indians are investing in luxury boats in India. There are approximately 120 boats being sold every year with 80% being speed boats.

With the marina in Kochi and plans for Goa and Mumbai, there is a huge opportunity in the industry. Over the last few ...
... years, with increasing number and frequency of Boat Shows and world sea races, India is being recognized as a luxury yacht market. Owing to the high level of interest from the Indian consumers, many established global boat makers are entering Indian markets. Apart from being seen as luxury passions, the boating industry has a major contribution towards the fishing tourism in India. Today, the boat manufacturers are also looking at India as a market for - ‘Leisure Angling’.

However, the lack of marine infrastructure in India is one of the main reasons that are responsible holding back the growth in the sector. With only one operational marina in Kochi, private manufacturers find it a high risk task to build marinas without much demand for boats/yachts in market. Without a proper docking area for these boats, both the consumers and manufacturers are skeptical. Apart from the infrastructure, the marine industry also faces challenges due to lack of clarity on regulations such as procedures, registration, etc.

With the growing interests in the luxury sailing industry and interests by the government, the industry is very optimistic on the growth over the next few years. The growth of the sailing market will give a tremendous boost to the economy as well. With improved regulation structure and marine infrastructure development, India could become a preferred stopover on the world sea route.

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