April 16, 2012 2:42 PM

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Ship building industry to reach Rs 9200 cr by 2015

India's ship building and repairs industry is likely to touch 9,200 crore rupees by 2015 owing to robust demand in the domestic market and adequate availability of skilled workforce. This was revealed by the Indian Industry gaint ASSOCHAM in its report. According to the report, at present the size of ship building and repairs industry is about 7,310 crore rupees. The ASSOCHAM said the country accounts for just about one per cent of the global ship building industry, which is over seven lakh crore rupees. The report said, lower costs of labour, availability of skilled workforce together with robust demand in the domestic market and a growing steel industry are certain factors that build up a strong case for the sector in India.

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