Bangladesh shipbuilding looking at overseas JVs

Bangladesh shipbuilders said a number of joint venture investments are likely to come from Denmark, Germany, France and few other countries that would help reduce the dependence on overseas firms ranging from ship designing to painting to build world class ocean-going vessels.
Officials at the local Danish embassy said at least nine Danish companies are working on establishing joint ventures to develop deck equipment, windows, generators, hydraulic system and marine electrical equipment. In addition, some Danish naval architect firms are also considering setting up design houses to help the Bangladesh shipyards develop their own design which accounts for 10% cent of the production cost.
Officials said a good number of German businesses who visited the country in October also expressed their willingness to enter into joint ventures for setting up heavy tech industries to build engines and generators.
Although most of these deals are at the negotiation stage, the joint ventures would help the country double its shipbuilding capacity.