Level Playing Field Missing In India, Says L&T Shipbuilding MD & CEO


L&T Shipbuilding, part of the engineering conglomerate Larsen & Toubro (L&T), has said its facility, as also those of other private shipyards, is running at a low capacity in the absence of a level playing field.

The company has invested around Rs 40 billion so far to set up a facility at Katuppali, near Chennai, which is capable of manufacturing 10 ships but it making only two at present.

“…not only us, the private sector utilisation (capacity) is only 20-25 per cent, since we are over-feeding the public sector,” B Kannan, managing director and chief executive, L&T Shipbuilding Ltd told Business Standard.

He added, today there was no gap in the technology and infrastructure capability, or financial strength, but it was a gap in regulation and policy that was hurting the private sector. Read More

You may also read!

Kargil To Have Full-fledged Airport For Commercial Flights

A team of Airport Authority of India (AAI) officials will visit border district of Kargil have a full

Read More...

DGCA Draft Proposal Seeks To Make Ops Of Choppers Safer

The country’s aviation regulator has come up with a draft proposal to improve safety standards in helicopter operations, after

Read More...

Air India Plans Expansion To Fill Jet Airways Void; Flights To Nairobi, Hong Kong, Bali Likely Soon

With significant drop in overseas capacity due to Jet Airways’ grounding, national carrier Air India plans to expand its

Read More...

Leave a reply:

Mobile Sliding Menu