December 02, 2008

Pipavav Shipyard urges for support to domestic ship building sector

It is reported that Pipavav Shipyard has appealed to the Indian government to help the domestic ship building industry to succeed.

Mr Ray Stewart CEO of Pipavav Shipyard, while recently addressing at International Shipbuilding Conference 2008, said that the Korean and Chinese governments have helped their ship building industries attain global number one and two positions, respectively.

Mr Stewart’s topic was “A Spotlight on India” and he called upon the Indian government to come out clear on the issue of continuation of the subsidy scheme for the country’s ship building industry that expired in August 2007.

He said that "This is needed in order to encourage other companies to enter the industry and enable a critical mass to be achieved in India. This would in turn lead to further investment from international and national equipment and material suppliers."

Senior executives from major yards in Japan, South Korea, China and Europe also made their presentations, in addition to contributions from ship owning, steel, financing, ship broking and legal companies.