Indian merchant navy officers to grab 9 percent global share by 2015
Saturday, 16 April 2011, 07:01 IST
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New Delhi: Aiming to increase the global share of Indian merchant navy officers to 9 per cent by 2015 in the wake of shortage of personnel, the government plans to acquire four training ships at a cost of Rs 500 crore. India is the fifth largest supplier of officers globally at present having a share of 6.3 per cent out of 5,50,000 officers. "The acquisitions will be made through state-owned Shipping Corporation of India (SCI) and each dedicated training vessel is likely to carry 400 trainees. The cost for four vessels to be acquired is estimated at Rs 500 crore," a Shipping Ministry official told PTI. There is acute shortage of trained manpower in the space in view of increasing fleet size and the number of officers globally is likely to swell to 6,60,000 by 2015, he said.
Source: PTI
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