Present Scenario of Ship Building Industry in Indian

Abstract : India is the fifth largest economy in the world in terms of GDP and soon it is expected to overtake the Germany to reach the fourth position. In terms of Gross Value Added (GVA) at current prices, India’s service sector is the largest segment and accounts to nearly 54%. The main objective of the research paper is to study the present challenges and issues in Indian shipyard. It also aims to evaluate the scheme and new financial assistance policy introduced by the present Indian Government at policy level and study the challenges encumbering the development of shipyard in terms of infrastructure and advance technologies required to increase the volume of capacity in terms of Dead weight Tonnage (DWT) and the market share of India in world fleet.