Indian Shipbuilding Sector

STRENGTHS:
– Locational Advantage
– Availability of technically qualified professionals, engineers and architects
– Skilled low cost labour

WEAKNESSES:
– Low designing capabilities
– Supporting infrastructure at nascent stage of development.

OPPURTUNITIES:
– Ageing global fleet and technological advancement creating replacement demand
– Policy rush on domestic infrastructure development
– Global exploration and production investment
– Growing foreign trade

THREATS:
– Withdrawal of export subsidy on ships
– Significant appreciation in rupee against competing countries in shipbuilding
– Decline in oil prices

Source: BS

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