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Annual Report FY 2010-11 - Pipavav Shipyard

Annual Report FY 2010-11 - Pipavav Shipyard

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04<br />

Defence is unlike any other business. Naval<br />

Defence manufacturing has a long business<br />

evolution cycle. The entry barriers are<br />

high. It takes considerable time just to<br />

plan the infrastructure that can empower<br />

the naval warship capability of a country.<br />

However, once built, it has the potential<br />

to deliver exceptional value. The current<br />

Indian defence shipyards have already been<br />

over-booked.

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