India’s Mazagon Dock To Invest ₹27,000 Crore To Establish Greenfield Shipbuilding Cluster

Mazagon Dock Shipbuilders Ltd (MDL) will invest around ₹27,000 crore to set up a greenfield shipbuilding cluster at Dighi in Maharashtra’s Raigad district, India.

The project is expected to create around 90,000 jobs, the Maharashtra government said on Tuesday, September 15.

MDL signed a memorandum of understanding (MoU) with National Shipbuilding and Heavy Industries Park Maharashtra Ltd (NSHIPML) for the project in the presence of Maharashtra Chief Minister Devendra Fadnavis, according to an official release.

Under the agreement, MDL plans to build up to at least 2 million gross tonnes of ships each year at Dighi. The facility will be able to build large commercial vessels and is expected to add to India’s shipbuilding capacity.

The ₹27,000 crore investment will go towards developing shipbuilding facilities at the site. The project will also have an industrial and supply chain network to support the shipbuilding sector.

The greenfield shipbuilding cluster is being developed jointly by the Maharashtra Maritime Board and the Mumbai Port Authority through NSHIPML.

The company was set up as a special-purpose company to develop the project.

The project is being developed under the Centre’s Greenfield Shipbuilding Cluster Development Plan. It is also expected to support the objectives of Maritime Amrit Kaal Vision 2047.

The Maharashtra government said the Dighi project is expected to increase India’s domestic shipbuilding capacity and attract technology and investment.

It is also expected to create skilled jobs and improve India’s competitiveness in the global maritime sector.

The cluster will include modern shipbuilding infrastructure as well as an industrial and supply chain ecosystem for the sector.

MDL Chairman and Managing Director Captain Jagmohan said the company would work with all stakeholders to develop a modern and globally competitive shipbuilding facility at Dighi.

Jagmohan signed the MoU with NSHIPML Managing Director Pradeep P, the release said.

References: thehindubusinessline, businessworld