Like roads and railways, the government will now have to focus on shipping and shipbuilding
- Why shipbuilding does not develop like shipping despite 200 kilometers of sea, 12 large and 3 medium ports - Three shipyards went bankrupt for Rs 20,000 crore due to lack of orders, huge expenses and long running business cycle! The shipbuilding business is currently under discussion. Rishi Agarwal, the promoter of ABG Shipyard, has been charged by the Central Bureau of Investigation (CBI) in the country's biggest bank scam. ABG's business did not thrive even after the company stopped repaying loans and the banks helped with the new package. The company is facing bankruptcy proceedings, no one is willing to bid to buy the property, so what is left is being auctioned off. Following the release of so many horses, a case has now been registered on the basis of an 18-month-old complaint lodged by the State Bank of India. Anil Ambani bought a company called Pipavav Ship Building and now a company called Reliance Naval Defense is also facing bankruptcy proceedings. Earlier, the ...