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Bharati Shipyard, Apeejay form shipbuilding JV

Bharati Shipyard, Apeejay form shipbuilding JV

Mumbai: Bharati Shipyard Ltd and unlisted Apeejay Shipping Ltd agreed to form an equal joint venture to set up a modern shipbuilding yard on India's eastern coast.
The shipyard would need an investment of 20 billion rupees and is expected to start operations by 2009, Bharati Shipyard said in a statement. [16/10/07]

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