Kailash Rajwadkar
MUMBAI, APRIL 4: Shipping companies will have to invest $1 billion by 2007-08 to replace ageing tonnage of over 20 years.
The industry stands to lose its share in overseas trade, if the investment is not made at the earliest. Already India's share in overseas trade has dipped from 31.5 per cent in 1999-00 to 17 per cent in 2003
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