Ship Building Industry In Bangladesh

Emerging Ship twist industry in Bangladesh is capturing foreign demand. The ship building history of Bangladesh is dated back in ancient time, due to its geographical advantage, Bangladesh was the centre of building ocean-going vessels among Asiatic countries in 15th -17th century. Bangladesh has more than 200 rivers consisting 22,155km length and a long coast line on Bay of Bengal. The handiness of skilled and semi-skilled labors or professionals and the required ingredients are major advantages to be a great ship building nation and earning respectable foreign currencies. agree to a feasibility study undertaken by the Danish Embassy, many countries are eager to enter the Bangladesh  sell especi solelyy in the field of ship building and cerebrate maritime industries. The labor cost is norm everyy 15% inflict than the approximately of the high profile ship building nations. A momentous increment of foreign investment from Denmark, German, France, Holland and establishing joint profess initiatives accommodating agreements are serving to boost this electromotive force difference industry. Bangladesh has 10 high tech ship yards to build international standard ocean-going vessels and some more are growing too fast.

harmonize to the ship yards operators Bangladesh can tap global demand with the junior-grade and medium sized vessels while China and Korea are in the main concentrating on larger ships. Japan and Hong Kong are in any case building bigger size vessels due to save capital on labor. Recently these ship yards received orders of 40 anoint tankers deserving $ 6.0 Billion a long with multi billion dollars of other ves! sel orders. more(prenominal) than 50% ships in the world are due to successor in next 5-7 years; 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 Government 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: BestEssayCheap.com

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