The Hindu·5 min read·hard
Pipavav | An Indian yard’s unlikely bet on cutting-edge shipbuilding
M
M. Kalyanaraman
✦AI Summary
The Pipavav shipyard in Gujarat, India, is attempting to revive its commercial shipbuilding operations after years of insolvency. Under new ownership by Swan Corp, the yard is focusing on complex ship construction and repairs to compete in the global market.
For three decades, India’s shipbuilding industry has largely been a defence industry driven by the government. Commercial newbuilds — tankers, bulkers, gas carriers and container ships that dominate global orderbooks — have gone mostly to China, Japan and South Korea.
businesseconomy
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in