India’s private sector shipbuilding companies are reportedly planning to invest nearly Rs 185B (US$4.74B) over the next five to seven years on expansion projects. The move clearly indicates that Indian shipyards are keen not just to expand capacity, but also to move from the current small to medium vessel segment to larger and more complex vessels.
India’s largest engineering and construction conglomerate Larsen & Toubro Limited (L&T) and Pipavav Shipyard have plans to spend Rs30B (US$769.2M) each on shipbuilding expansion projects, while Good Earth Marine Group has plans to invest Rs20B (US$512.8M). ABG Shipyard, Adani Group and Bharati Shipyard are likely to invest around Rs15B (US$384.6M) each for their expansion plans....
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