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Status of Ship-Breaking Industry in India

Hrudanand Misra

The IUP Journal of Managerial Economics, 2009, vol. VII, issue 3-4, 109-116

Abstract: Ship-breaking activities hold potential as they create economic opportunities for thousands of laborers and contribute to the economic growth of regions in need of private sector investment. Practically, 100% of the ship is recycled. In this perspective, ship breaking can be claimed to be a sound sustainable industrial activity. The ship-breaking activities play an important role in the national economy such as savings of foreign exchange, raw material for industries, government revenue, employment opportunities, etc. The aim of this paper is to examine the ship-breaking activities in India and also to highlight the growth of this industry in terms of ships demolished.

Date: 2009
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Handle: RePEc:icf:icfjme:v:07:y:2009:i:3-4:p:109-116