MDL To Invest Rs 27,000 Cr In Greenfield Shipbuilding Cluster In Maharashtra

Mumbai, Sep 17 (KNN) Mazagon Dock Shipbuilders Ltd (MDL) will invest around Rs 27,000 crore to develop a greenfield shipbuilding cluster at Dighi in Maharashtra’s Raigad district, with the project expected to create around 90,000 jobs and significantly expand India’s shipbuilding capacity.

MDL has signed a memorandum of understanding (MoU) with National Shipbuilding and Heavy Industries Park Maharashtra Ltd (NSHIPML) to develop the facility, with an annual shipbuilding capacity target of at least 2 million gross tonnes.

Large Commercial Vessels

The proposed cluster will support construction of large commercial vessels and include modern shipbuilding infrastructure, along with an industrial and supply-chain ecosystem for the maritime sector, reported Economic Times.

The project is being jointly developed by the Maharashtra Maritime Board and Mumbai Port Authority through NSHIPML, a special-purpose company established for the initiative.

The facility is being developed under the Centre’s Greenfield Shipbuilding Cluster Development Plan and is aligned with the objectives of Maritime Amrit Kaal Vision 2047.

Jobs, Investment And Supply Chain

The Maharashtra government expects the project to attract technology and investment, generate skilled employment and strengthen India’s competitiveness in the global maritime industry.

It is also expected to support a wider maritime manufacturing and supply-chain ecosystem in Maharashtra and help expand domestic shipbuilding capabilities.

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

He signed the MoU with NSHIPML Managing Director Pradeep P at a ceremony attended by Maharashtra Chief Minister Devendra Fadnavis on Tuesday.

(KNN Bureau)