Bharati Ship, Apeejay plan Rs 2,000cr investmentBS Reporter / Mumbai October 16, 2007Bharati Shipyard in its 50:50 joint venture with unlisted Apeejay Shipping are planning to set up a modern shipbuilding yard along eastern coast at an investment of Rs 2,000 crore, sources close to the development said. Poor infrastructre has created inumerable problems for Indian companies not only for domestic transportation but also for exports. Therefore, executives of both companies believe that the JV was formed at opportune time for the benefit of Indian economy as a whole. While Indian ship builders are expanding their capacities with buyouts of other yards and assets, Indian shipping and engineering firms are planning to set up shipbuilding yards to exploit the sector's surging potential. India
