Indian Shipyards to Play Major Role in Global Shipbuilding in Next Few Years, an Industrial Info Market Brief

According to a report from World Maritime Affairs, India's shipbuilding industry is responsible for over 8% of the entire global trade. With a cheap and strong labor force, and aided by Government subsidies to establish new shipyards, the country's shipbuilding industry is pushing itself into upper ranks. Industrial Info is tracking 98 capital projects worth $1.32 billion for shipbuilding and associated projects in India. Click here for a list.