New Delhi - The Indian government is set to build two new shipyards, one each on the East and West coast, on a build-operate-transfer (BOT) basis, the Rajya Sabha (upper house) was told on Tuesday.

“Expression of interest has been invited from experienced and interested shipyards/firms for participation in a global competition for setting up international size shipyards on BOT (build operate transfer) license on the East Coast and West Coast of India,” Shipping Minister G K Vasan said.

India at present has 27 shipyards, a share of less than one per cent in the global shipbuilding market.