Indian Shipbuilding Sector

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

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

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

– 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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