The Shipbuilding industry is critical to India‟s strategic and economic interests and is characterized by high growth potential. Shipbuilding has spin offs to other industries, including steel, engineering equipment, port infrastructure, trade and shipping services. The indirect potential of shipbuilding industry in employment generation and contribution to GDP is therefore tremendous. India has about 8,000 k ilometres long coastline, around 32 shipyards, 12 major ports and 200 ports under states' jurisdiction 1 . This presents huge scope for development of shipbuilding sector considering that country's opportunities in the sector have not been utilized fully. Th e annual turnover of the industry during 2010 - 11 was US$ 1.3 billion and has grown at a CAGR of 8% during the period 2007 - 11 2 . The Indian shipbuilders occupied 6th rank globally accounting for 1% of the global order book aggregating compensated gross tonna ge (CGT) of 2.4 million with 257 vessels on order
Re: Cheers its a good initiative
by orchid united on Apr 15, 2016 06:34 AM
The shipbuilding industry in India has not succeeded in building competitiveness primarily due to inadequate policy support, lack of private participation and firm level inefficiencies. A comparative assessment of Indian shipbuilding industry vis - à - vis tha t of competing countries points out to the following key point: 1.Supportive government policies: Major factor in establishing global competitiveness:
