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ABG Shipyard granted $3.1m subsidy

ABG Shipyard granted $3.1m subsidy

Mumbai: The Indian federal government has granted ABG Shipyard a subsidy of Rs12.80crore ($3.1m) for two of the company's yards. The company currently operates a yard in Surat (pictured) and will launch operations at a new yard in Dahej next month.

'We are also looking to open a third yard,' ABG Shipyard md Rishi Agarwal told SeatradeAsia-Online. 'We are currently looking at locations, but it will most likely be in Gujarat like the other two yards.' The company currently boasts an orderbook worth over $2bn.  [20/03/08]

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