SCI ABG JV mooted

The Shipping Corporation of India (SCI) may soon forge a mega shipyard JV with India?s leading shipbuilding company ABG Shipyard. Some sources close to the development say that South Korean shipping major STX, which was also initially interested in the project, had lately not been showing much interest, thus paving the way for the SCI ABG venture.

However, U.C. Grover, director of SCI, said that “We are not talking to anyone at this point of time for the proposed venture.” SCI has shown interest in building one of the two mega shipyards proposed by the government as part of the national maritime development program. The proposed shipyard is expected to cost around INR 3,000 crore each. Larsen and Toubro, Essar, Shapoorji Pallonji and Bharati Shipyard are some of the companies that have submitted their expression of interest for building mega shipyards of world standard.