For every job at Mazagon Dock, 6.4 jobs are created across economy: Captain Jagmohan
GS3Economy · S&T · Environment · Security· Industry, investment & MSMEs· Prelims + Mains·
Why in news
Captain Jagmohan (Retd.), CMD of Mazagon Dock Shipbuilders Limited (MDL), highlighted the multiplier effect of shipbuilding, stating one direct job at MDL creates 6.4 jobs across the Indian economy.
Background
MDL's Project 17A frigate employs 4,500 direct workers who support nearly 28,000 positions in ancillary industries. The Maritime Amrit Kaal Vision (MAKV) targets a 4.5 million gross tonnage capacity and ₹4.5 lakh crore investment by 2047.
Facts for Prelims
- FactOne direct job at Mazagon Dock Shipbuilders Limited (MDL) generates 6.4 jobs across the economy.
- FactProject 17A frigate involves 4,500 MDL workers supporting 28,000 ancillary industry positions.
- FactMaritime Amrit Kaal Vision (MAKV) target: 4.5 million gross tonnage by 2047.
- FactExpected investment under MAKV: ₹4.5 lakh crore.
For Mains
Q. Discuss how the expansion of the shipbuilding sector can act as a catalyst for industrial growth and employment generation in India.
Dimensions to cover in your answer
- Multiplier effect: High job-to-ancillary ratio in capital-intensive maritime manufacturing
- Infrastructure gap: Requirement of ₹4.5 lakh crore investment to achieve 4.5 million gross tonnage target
- Global positioning: Strategic shift to rank among top five shipbuilding nations by 2047
Keywords: Multiplier effect · Ancillary industries · Maritime Amrit Kaal Vision · Gross tonnage · Capital-intensive manufacturing
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