<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''<span style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;">Chief of the Naval Staff, Admiral Karambir Singh today said shipbuilding is a sector that can contribute immensely to government's aim of making India a five trillion dollar economy.<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''He was delivering the inaugural address on international seminar on Nation Building through Shipbuilding in Delhi. The Navy Chief said Navy is fully invested in encouraging indigenous shipbuilding ecosystem adding that shipbuilding could be counted as one of the success stories of India.<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''Admiral Singh said the journey from Buyers Navy to Builders Navy has been an arduous one and the Indian Navy remains cognizant of challenges ahead.<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''Admiral Singh further stated that since shipbuilding is a skill activity and each shipbuilding project requires considerable amount of manpower, it makes valuable contribution towards employment generation.<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''He said that shipbuilding has potential to contribute to other sectors in tangible and intangible ways and Navy's diplomatic engagements have also allowed several friendly countries to harness country's prowess.<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''Replying to media query on the sidelines of the event about China's Defence White Paper reiterating growing emphasis on PLA Navy, Admiral Singh said China's shift of resources from other arms to PLA Navy is in-line with their intention to become a global power.<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''<br style="color: #222222; font-family: arial, helvetica, sans-serif; font-size: small;" />''He said Indian Navy has to watch that carefully and see how to respond within its budget and constraints. He said there is requirement for long term fiscal support to build a Navy. </span>