Institute of Shipbuilding Technology, Goa (ISBT) was established by Society for Industrial & Technical Education of Goa (SITEG) (formerly known 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. ISBT is a government aided institute receiving grants from Government of Goa, under the Grant-in-aid pattern. Establishment of ISBT is approved by All India Council for Technical Education, New Delhi. First course to be introduced at ISBT, was Diploma programme in Shipbuilding Engineering in August 1981. This course till today is considered as a unique course to be offered only by ISBT.
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