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Being capital intensive cyclical industry, shipbuilding sector requires long–term perceptive plan of 50-100 years, which can be sustainable for longer period thus contributing to economic growth of the country. Market volatility and fluctuations should not be allowed to seriously affect this vital industry. In India, shipbuilding sector can’t make progress on five-year plan basis. However, there are huge opportunities in coastal shipping. Being energy efficient, coastal shipping can be developed for smooth movement of cargo along the huge coastline of India. It will also ease traffic congestion at our ports. Building of such coastal vessels in our shipyards under Indian flag, providing world-class ship repair services, development of dredging industry will augment economic growth, which will ultimately boost Indian economy. All these require long-term plans. Each of these opportunities can be executed into a reality with the support of proper policy and regulatory framework in place. Development of this sector will create immense opportunities in education, employment and services related to this field.

Starboard Strategies Magazine Description:

An innovative product from KShip Publishing, Starboard Strategies is a publication designed to address the latest issues in the maritime industry, both nationally and internationally. Save you time – Collects, filters and reports only the stories that matter, so you don’t waste your valuable time searching for the business critical information you need.

Put yourself in control – Investigating the opportunities and threats facing shipping companies. Today’s news and tomorrow's possibilities – keeping you constantly aware of opportunities for your business.

Enable informed business decisions – Starboard is the difference between a tentative guess and a confident well supported decision – we delve into exclusive data from Starboard Intelligence providing you with data-led analysis.