Mundra port to set up Rs 1,000-cr modern shipbuilding yard

This could be India’s answer to the shipping industry demand for a modern shipbuilding yard in this part of the globe. True, India’s inability to cope with the ongoing boom in the shipping industry that has seen the likes of China and Korea become shipbuilding hub for the world can never be reversed. But the first shipbuilding yard in almost 30 years, that too coming up in the private sector, hopes to make amends.