Andhra Pradesh Clears Greenfield Port, Shipbuilding Hub

07 Jan 2026 CW Team

The approval has been granted to the Andhra Pradesh Maritime Board under the Shipbuilding Development Scheme of the Ministry of Ports Shipping and Waterways, according to a government order issued by Special Chief Secretary for Infrastructure and Investment (Ports) M. T. Krishna Babu.

To monitor and fast-track the project, a Special Purpose Vehicle will be formed jointly by the Andhra Pradesh government and the ministry. The SPV will be supported by central government entities operating in the state, including the Visakhapatnam Port Authority.

As per the scheme guidelines, the Andhra Pradesh Maritime Board will create a 50:50 SPV with the Visakhapatnam Port Trust, with equal representation from the state government and the port authority on the board. The maritime board has also been authorised to complete land acquisition, mobilise resources and transfer the land to the SPV as the state government’s equity contribution.

The greenfield port and shipbuilding cluster will include the development of an anchor shipyard with an annual capacity of 0.5 million gross tonnage, which is to be achieved within 10 years of commissioning. The project will be coordinated jointly by the Visakhapatnam Port Trust and the Andhra Pradesh Maritime Board.

The state government has further empowered the maritime board to select a development partner for the shipyard. According to the government order, India has set a target of achieving shipbuilding output of 4.5 million gross tonnage per year under the Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, compared with the current capacity of around 0.01 million gross tonnage annually.

The proposed Dugarajapatnam project is expected to play a key role in supporting the national objective of positioning India among the world’s top five shipbuilding nations by 2047.

The Andhra Pradesh government has approved the establishment of a greenfield port and a National Mega Shipbuilding Cluster at Dugarajapatnam in Tirupati district, involving the acquisition of around 2,000 acres of land. The approval has been granted to the Andhra Pradesh Maritime Board under the Shipbuilding Development Scheme of the Ministry of Ports Shipping and Waterways, according to a government order issued by Special Chief Secretary for Infrastructure and Investment (Ports) M. T. Krishna Babu. To monitor and fast-track the project, a Special Purpose Vehicle will be formed jointly by the Andhra Pradesh government and the ministry. The SPV will be supported by central government entities operating in the state, including the Visakhapatnam Port Authority. As per the scheme guidelines, the Andhra Pradesh Maritime Board will create a 50:50 SPV with the Visakhapatnam Port Trust, with equal representation from the state government and the port authority on the board. The maritime board has also been authorised to complete land acquisition, mobilise resources and transfer the land to the SPV as the state government’s equity contribution. The greenfield port and shipbuilding cluster will include the development of an anchor shipyard with an annual capacity of 0.5 million gross tonnage, which is to be achieved within 10 years of commissioning. The project will be coordinated jointly by the Visakhapatnam Port Trust and the Andhra Pradesh Maritime Board. The state government has further empowered the maritime board to select a development partner for the shipyard. According to the government order, India has set a target of achieving shipbuilding output of 4.5 million gross tonnage per year under the Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, compared with the current capacity of around 0.01 million gross tonnage annually. The proposed Dugarajapatnam project is expected to play a key role in supporting the national objective of positioning India among the world’s top five shipbuilding nations by 2047.

Real Estate

28 Feb 2026

Casagrand Launches Keystone In Tiruppur

Casagrand has launched Casagrand Keystone, a gated residential development at Rakkiyapalayam, off Avinashi Road, in Tiruppur. Spread across 2.2 acres, the B+G+5 structure comprises 142 units of 2 and 3 BHK homes, supported by 48 indoor and outdoor amenities. The project is introduced at a starting price of Rs 5,199 per sq. ft. The development allocates 1.3 acres to open space, including a central park of about 24,500 sq. ft. A 6,800 sq. ft. clubhouse includes a multipurpose hall, mini theatre and indoor recreation facilities. Other amenities include a 5,100 sq. ft. swimming pool, poolside par..

Real Estate

28 Feb 2026

Premium homes account for half of India’s housing sales in 2025

Knight Frank India, in its latest report on India’s office and residential property market, has highlighted a significant shift in housing demand, with homes priced above Rs 10 million accounting for 50 per cent of total residential sales across the top eight cities in 2025. The findings underscore the growing dominance of premium housing in the country’s real estate landscape.Out of 348,247 residential units sold during the year, approximately 175,091 units were in the Rs 10 million-plus category, marking a 14 per cent year-on-year increase. The data reflects changing buyer preferences, w..

Infrastructure Energy

28 Feb 2026

Xbattery launches XB-5K energy storage system for homes, offices

Xbattery, a Hyderabad-based deep-tech company specialising in next-generation energy storage and battery management technologies, has introduced its flagship XB-5K, a scalable 5kWh energy storage system designed for homes and offices in India.The XB-5K is built on the company’s indigenously developed BharatBMS platform, described as India’s first universal high-voltage battery management system architecture aimed at reducing import dependence and improving after-sales service capabilities. The launch comes as India seeks to strengthen domestic manufacturing and address reliance on imported..