To tap the growing cargo movement business in India, Hong Kong-based shipping company Wallem Ship Management is planning to open a division of it shipping agency in the country through a joint venture for which it is looking for a partner. "We are scouting for a big player to foray into this segment under a joint venture. We are in talks with one of the key Indian players and hope that an agreement will be signed soon," Wallem Ship Management South India Vice President G Ramaswamy told PTI on the sidelines of a function here on Friday night. The company is opting for a joint venture to ensure that that the foray turns productive in a big way, he said.
"We are not a small player. We currently operate in 18 countries across the globe and have a reputation. We want to make sure that our brand image is maintained at highest-level in India," Ramaswamy said.
On shortage of trained officers in manning ships, he said the attrition level was very high and the company was planning to expand its in-house training centre in Mumbai.
"There is an acute shortage of manpower. Currently, the industry faces a shortage of around 10,000 trained officers. It will be around 30,000 by 2050," he said, adding that the Indian shipping industry was very late in identifying its potential and was well behind Japan and China.
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