Monday, September 3, 2007

Indian Shipbuilding Sector

STRENGTHS:
- Locational Advantage
- Availability of technically qualified professionals, engineers and architects
- Skilled low cost labour

WEAKNESSES:
- Low designing capabilities
- Supporting infrastructure at nascent stage of development.

OPPURTUNITIES:
- Ageing global fleet and technological advancement creating replacement demand
- Policy rush on domestic infrastructure development
- Global exploration and production investment
- Growing foreign trade

THREATS:
- Withdrawal of export subsidy on ships
- Significant appreciation in rupee against competing countries in shipbuilding
- Decline in oil prices

Source: BS