labels: shipping
Bharati Shipyard planning Rs2,000-crore shipbuilding joint venture on east coastnews
16 October 2007
Bharati Shipyard plans to set up a modern shipbuilding yard along India''s eastern coast at an investment of around Rs2,000 crore in a 50:50 joint venture with Apeejay Shipping, industry sources have indicated.

The proposed shipyard, expected to start operations in 2009, will build superior ships of high tonnage and also cater to the global ship repairing business, Bharati has said in a statement.

India''s shipbuilding industry is expected to touch the $20 billion milestone by 2020. Consequently, Indian ship builders are expanding their capacities with buyouts of other yards and assets. Shipping and engineering firms are also planning to set up shipbuilding yards to exploit the sector''s surging potential.


 search domain-b
  go
 
Bharati Shipyard planning Rs2,000-crore shipbuilding joint venture on east coast