![]() ![]() The potentiality, capability and problems of the shipbuilding sector of Bangladesh have been identified.īangladesh has been ranked 41st among the world's largest economies in 2019 as well as become the second biggest economy in South Asia. Relevant data have been explored through extensive review of literature, field visits, interacting with shipyard and ship owners. In this paper at first, an overall picture of this industry has been depicted by identifying the actual shipbuilding practice in both public and private sector. Impacts of those issues will be evaluated and measures towards finding a solution will be incorporated. National and international issues and factors which apparently do not encourage shipbuilding in Bangladesh need to be addressed. For the development of shipbuilding industry we need to generate adequate demand in the local and foreign market, elevated engineering skills, reasonable infrastructure, long term government policy support along with attractive investment climate. These facts do not speak only of a heritage but of an inbuilt ability of shipbuilding of people of this region. Germanischer Lloyd has declared Bangladesh as a shipbuilding nation of international standards in September 2008.She is presently contributing to the shipbuilding industries globally through its exported workforce. This article highlights Bangladesh's economic conditions and key blue sectors and attempts to establish the solidarity of Bangladesh’s blue economy initiatives through a comparative and correlative approach.Bangladesh is traditionally a ship building nation and has a rich heritage of timber shipbuilding of many hundred years. Bangladesh, newly initiating this agenda, already has the economic backing and established a base to build upon for revolutionizing the blue resources. The ongoing pandemic certainly adds a few more points. With effective conservation policies also being at the epicenter of their discussion. Nations worldwide have started adopting policies regarding utilizing their blue resources, The blue economy concept deals with transforming these ocean. Their existence has remained constant throughout history and played critical parts in the formation of both facts and fiction while also garnering a whole barrage of resources. While the debate continues on how old our world is, our oceans are, without a doubt, the oldest witness of all the events that have transpired along the way. Secondary data are used in this paper from various sources to support this study in establishing the national and international factors in comparison to the potential which may significantly encourage the dockyard industry performance, as well as the problems addressing assessments and measurements that affect within the industry and finding the answers accordingly. The basic objectives of this study are to overview the potentials, performances and identify the problems related to this industry from our national perspective. This industry has been branded as one of the most promising industries from a global perspective which might help achieve strong economic development within a short period by continuing an upward trend of progress. The Dockyard industry plays a crucial role in supporting the military, stimulate shipping and industrial development, give rise to employment nationally and, provide support for overseas currency inflow etc. Dockyards can be classified as one of the firstlings, most important and, extremely competitive markets in Bangladesh as well as in the world. ![]()
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