According to new analysis from Frost & Sullivan, the shipbuilding and repair market in India is poised to pick up momentum with the increasing penetration of Indian shipbuilding companies in the offshore vessels (OSVs) segment. Indian companies have established strong credentials in the building and repair of OSV, resulting in a spike in orders for such vessels from the Indian industry. The limited capacities related to OSVs in leading shipbuilding nations such as Japan and South Korea are resulting in diversion of orders to India, driving up the fortunes of the Indian shipbuilding and repair market. Growth in multimodal transportation infrastructure and integrated logistics parks leads to significant logistic outsourcing opportunities.