Business Economy


Mazagon Dock Shipbuilders to develop Greenfield Shipyard Dugarajapatnam in AP

Vijayawada, Sep 18 (UNI) Mazagon Dock Shipbuilders Limited (MDL), a Navratna Defence PSU under the Ministry of Defence, has signed an MoU with National Shipbuilding and Heavy Industries Park-AP (NSHIP-AP) to develop a modern greenfield shipyard at Dugarajapatnam.

The MoU was signed in the presence of Chief Minister N Chandrababu Naidu by Capt. Jagmohan (Retd.), Chairman & Managing Director, MDL, and Praveen Adhithya C V Managing Director, NSHIP-AP.

Speaking on the development, CM Naidu reiterated the government’s commitment to being at the forefront of India’s ambition to become one of the world’s top five shipbuilding nations by 2047, stating the State will leverage its long coastline, strategic location and industrial ecosystem to drive growth in the maritime sector.

“India has set an ambitious vision of becoming one of the world’s top five shipbuilding nations by 2047. Andhra Pradesh is committed to being at the forefront of this journey by leveraging its long coastline, strategic location and industrial ecosystem,” the Chief Minister revealed.

Naidu hoped that the Dugarajapatnam shipbuilding cluster, with MDL as the Anchor Shipyard, would position Andhra Pradesh as a major shipbuilding hub and attract investments and ancillary industries to the State, adding that the project would also create large-scale employment and new opportunities in shipbuilding, marine engineering, manufacturing, logistics and other allied sectors.

“The AP government is envisaging the development of a greenfield Shipbuilding-cum-Port Cluster at Dugarajapatnam. The Techno-Economic Feasibility Report estimates the Shipbuilding and Ship Repair Yard at approximately Rs 29,254 crore and the Port at Rs 9,513 crore. The Port is proposed to be developed by the Government of India,” the Chief Minister revealed.

Naidu explained that under the MoU, MDL envisages an investment of around Rs 15,000 crore over the next five to seven years, subject to the required approvals and clearances, adding that the project is expected to generate direct and indirect employment for around 45,000 people in AP.

Informing that the proposed shipyard will have a design capacity of 1.2 million Gross Tonnage per annum, with scope for further expansion based on market requirements, he said it would build commercial vessels including tankers, bulk carriers, container ships, LNG carriers and other large specialised vessels.

Naidu highlighted that the shipbuilding cluster is being developed under the Government of India’s Shipbuilding Development Scheme (SbDS) and observed that NSHIP-AP, a Special Purpose Vehicle jointly formed by the Andhra Pradesh Maritime Board and Visakhapatnam Port Authority, has identified MDL as the Anchor Shipyard.

Capt. Jagmohan (Retd.), Chairman & Managing Director, MDL, Jasmeet Singh Bindra, Chairperson, Visakhapatnam Port Authority, Kona Sasidhar, Secretary, Infrastructure & Investment said that the selection of MDL as the Anchor Shipyard is an important milestone in the State’s maritime development.
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