Ship Building Industry In Bangladesh

Emerging Ship braid industry in Bangladesh is capturing foundation(prenominal) demand. The venture building level of Bangladesh is dated back in ancient time, due to its geographical advantage, Bangladesh was the centre of building ocean-going watercrafts among Asiatic countries in 15th -17th century. Bangladesh has more than than 200 rivers consisting 22,155km length and a long coast transmission channel on Bay of Bengal. The availability of skilled and semi-skilled labors or professionals and the inevitable ingredients ar major advantages to be a great institutionalise building nation and earning vast foreign currencies. agree to a feasibility study undertaken by the Danish Embassy, many countries argon eager to enter the Bangladesh  trade in especi solelyy in the field of move building and cerebrate nautical industries. The labor cost is usu exclusivelyy 15% inflict than the close of the high profile transmit building nations. A of import increment of foreign investment from Denmark, German, France, Holland and establishing joint profess initiatives cooperative agreements are serving to ascension this electromotive force difference industry. Bangladesh has 10 high tech enter yards to build international sum of silver ocean-going vessels and some more are rise uping too fast.

accord to the embark yards operators Bangladesh can knap global demand with the baseborn and medium sized vessels magical spell China and Korea are in the main concentrating on large ships. Japan and Hong Kong are alike building bigger size vessels due to save money on labor. Recently these ship yards received orders of 40 inunct tankers deserving $ 6.0 Billion on with multi billion dollars of other vessel orders. more(prenominal) than 50% ships in the world are due to substitution in next 5-7 long time; hence its a pick time for Bangladesh ship industry to capture the potential world market by facilitating backward linkage industries and extending all possible support. The local authorities and banks are playing a pioneer rule by lending money and subsidizing engineering acquisition to the ship yards to grow the...If you want to get a full essay, order it on our website: Ordercustompaper.com

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