Institute of Shipbuilding Technology, Goa (ISBT) was established by Society for Industrial & Technical Education of Goa (SITEG) (formerly know as Shipbuilding Industry Society of Goa (SIG)) in the year 1981. Perhaps ISBT is the only institute in India to be established and managed by a group of Industries. Requirement of highly specialized trained manpower by the Shipbuilding / Barge building, repair and allied industries forced the industries in this business to come together under the banner of Shipbuilding Industry Society of Goa and established the Institute. Main objective of SITEG is to provide industry with well trained technical manpower to suit their requirements, and conduct retraining programmes for existing workforce.