This was mainly due to large investments in services and manufacturing, supported by policies aimed at integrating the country into global supply chains, the UN said.
Experts say retirement today needs to be approached not as a short post-work phase, but as a second life that could stretch 30 to 40 years-or even longer.
The company has received the order to manufacture and supply six 18,000 DWT (deadweight tonnage) IMO Type II chemical tankers from its shipyard in Gujarat.