Mazagon Dock Shipbuilders Ltd (MDL) will invest around Rs 27,000 crore to develop a greenfield shipbuilding cluster at Dighi Port in Maharashtra’s Raigad district. The project is expected to create nearly 90,000 employment opportunities, according to the state government.

MDL has signed a memorandum of understanding (MoU) with National Shipbuilding and Heavy Industries Park Maharashtra Ltd (NSHIPML) for the development of the project in the presence of Maharashtra Chief Minister Devendra Fadnavis.

Under the agreement, MDL aims to establish an annual shipbuilding capacity of at least 2 million gross tonnes at Dighi. The facility is expected to support the construction of large commercial vessels and strengthen India’s maritime manufacturing capabilities.

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

The initiative is expected to enhance Maharashtra’s maritime infrastructure, support industrial growth and strengthen the country’s shipbuilding ecosystem.