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Their conclusions are primarily based on the reality that Indian Shipbuilding marketplace would see an influx of Rs 200 Billion ($five Billion) in the next five-10 years. Moreover India with its inexpensive labor would be an enticing location for competitive pricing of shipbuilding.


Global Shipbuilding has shown a CAGR of around 6 % from 1980-2007. This truth is absolutely nothing earthshaking Dikembe Mutombo Jersey , provided the fact that through this period the Global GDP has also risen 6% yearly. What this indicates is that on an normal, just about every industrial activity has risen on an normal of six % yearly. Shipbuilding is no exception.


Due to the fact of the phase-out of Single Hull Tankers, the international shipbuilding orders have quadrupled in the final 5 many years. This is as of 2007. I am certain 40 % of the orders would have got cancelled due to the fact of the ongoing recession due to the US sub-prime Mortgage crisis. In addition with additional emphasis on renewable power sources Pete Maravich Jersey , than the conventional petroleum merchandise and with countries promising to cut their carbon emissions by atleast 20 % in the next 5 many years, the scope for trading in Oil products is receiving smaller and smaller.


Labor Expense: The report states that shipbuilding is a labor intensive activity due to the amount of welding and welder related processes. (Wrong!!!) and labor accounts for 10 % of the complete shipbuilding expense (Appropriate!!).


As rightly brought out in the report, labor accounts for 10 % of shipbuilding expense and therefore is NOT a labor intensive activity. 90 % of the price is connected with materials expenditures Spud Webb Jersey , overheads and technological set up. To break it up additional, 20 % of the complete cost would be Steel, around 47 % is the expense of Completed Manufactured goods Dominique Wilkins Jersey , 13 % costs are the overheads and the rest 10 % are the misc expenditures. As a result even if we stick to the Report’s contention that Indian Labor is competitive compared to World’s markets, we are nonetheless competitive in only ten % of the total charges.


Now let me come to the following assumption in the Report that ‘India’s labor cost is cheap’. As per Fig 7b ‘Cost of Labor in 2008’, the chart shows that India’s labor price is 1.five USD per day (i.e Rs 60- INR). I am not mindful in which the Management Consultancy Firm KPMG got this completely crap figures from. Or is it Atlanta Hawks Dennis Schroder Jersey , that they are fabricating the details to help their contention. Most states in India, have Minimum simple Wages of four USD (Rs 200- day). It is a recognized truth that the Minimum basic wages in the shipbuilding industry could touch somewhere involving Rs 250- Rs 300 (five-7 USD). Taking this into account India’s labor expense is two and a half occasions China’s charges. So as far as the labor expense is concerned, India does not have edge over China.


Till now I have not taken into account Dennis Schroder Hawks Jersey , the labor productivity where India lags behind all the other shipbuilding nations. The labor productivity in terms of tonsmandays is 110 of Japan and ½ of China. Thus the contention that India is labor competitive compared to other nations is a myth.


Indian Shipyards have bagged massive quantum of International Shipbuilding orders: The report states that the Indian Shipyards, notably ABG Shipping and Bharti Shipping have bagged international orders in the final two-3 years and their order books are already full till 2012.

Howard Franks is a Professional writer functioning with Tokentools and he writes content articles for Plasma Cutters. He written many articles like Welders, plasma cutting Dennis Schroder Kids Jersey , TIG Welders.


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ATHENS， Feb. 9 (Xinhua) -- A Greek court convicted a Turkish seaman on Thursday to one year suspended prison sentence for photographing a Greek naval base， Greek national news agency AMNA reported.


The 51-year-old Turkish crew member of the Turkish flagged cargo vessel Makbule Ana was arrested last week at the port of Elefsina， near Athens.


He was charged of spying after Greek Navy officers saw him taking photos of the Salamis naval base with his mobile phone， while the Turkish ship was sailing in the area.


The defendant was not in court on Thursday. His lawyer said that following his release by Greek authorities last week he had had to return to the ship and continue the scheduled trip， otherwise the managing shipping company would face fines.


The lawyer also claimed that Greek authorities found no incriminating photos on the mobile phone which was confiscated.


The case came as bilateral ties have soured in recent weeks over territorial rights in the Aegean Sea and the Greek Supreme Court's ruling against Ankara's request for the extradition of eight Turkish servicemen who fled to Greece last July during a failed coup attempt.


Turkish authorities consider the fled officers traitors for having participated in the failed coup. However， Greek judges decided against their extradition， citing concern as to whether they would have a fair trial in Turkey.

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