Ship Building Industry In Bangladesh

Emerging Ship twist industry in Bangladesh is capturing internationalist 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 watercrafts among Asian 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 accessibility of skilled and semi-skilled labors or professionals and the required ingredients are major advantages to be a great ship building nation and earning immense foreign currencies. agree to a feasibility study undertaken by the Danish Embassy, many countries are eager to enter the Bangladesh  trade in especi solelyy in the field of ship building and cerebrate oceanic industries. The labor cost is norm everyy 15% inflict than the just about of the high profile ship building nations. A momentous increment of foreign investment from Denmark, German, France, Holland and establishing joint profess initiatives reconciling agreements are serving to boost this voltage difference industry. Bangladesh has 10 high tech ship yards to build international quantity ocean-going vessels and some more are growing too fast.

consort 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 alike building bigger size vessels due to save notes on labor. Recently these ship yards received orders of 40 crude oil tankers deserving $ 6.0 Billion along with multi billion dollars of other vessel orders. more (prenominal) than 50% ships in the world are! due to renewal 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: OrderEssay.net

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