AsiaShipyards

Investors sought to take over India’s largest private yard

Negotiations are underway to sell a majority stake in India’s largest private shipbuilder. A 51% stake is on offer at debt-laden ABG Shipyard, with both foreign and domestic companies being tapped.

ABG has been going through a corporate debt restructuring since last year.

New Delhi has recently announced a raft of packages to boost shipbuilding in the country as part of its ‘Made in India’ campaign.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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