Bharati Shipyard Plans JV

Wednesday, October 17, 2007
Bharati Shipyard reportedly plans to set up a modern shipbuilding yard along India's eastern coast in a 50:50 joint venture with Apeejay Shipping, according to a report on http://www.domain-b.com.The proposed shipyard, expected to start operations in 2009, would build ships and also be a ship repairing business. India's shipbuilding industry is expected to touch the $20 billion milestone by 2020. (Source: http://www.domain-b.com)
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