Cabinet Approves Ship Repair Facility At Vadinar
PORTS & SHIPPING

Cabinet Approves Ship Repair Facility At Vadinar

The Cabinet Committee on Economic Affairs has approved the development of a state of the art ship repair facility at Vadinar in Gujarat, to be jointly implemented by Deendayal Port Authority (DPA) and Cochin Shipyard Limited (CSL). The project carries a combined investment of Rs 15.7 billion (Rs 15.7 bn). It is planned as a brownfield facility with a 650 metres jetty, two large floating dry docks, workshops and associated marine infrastructure.

Vadinar has a natural deep draft and direct connectivity to major shipping routes and its proximity to ports such as Mundra and Kandla makes it favourable for repair operations for large commercial and foreign flagged vessels. The facility will enable repairs for vessels up to 300 m in length, addressing a capacity gap for vessels exceeding 230 m. Enhanced turnaround times and strengthened repair capability on the western coast are expected to improve the competitiveness of Indian ports.

The initiative is designed to reduce dependence on foreign shipyards and to curb foreign exchange outflow by enabling high value repairs to be carried out within India. It will create opportunities for skill development and is anticipated to generate approximately 290 direct and around 1,100 indirect jobs across ship repair, logistics and ancillary industries. The project is also expected to catalyse growth of maritime ancillary services and MSMEs in the surrounding region.

Officials have said the facility will contribute to regional economic growth and support India's long term maritime objectives under Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047. Implementation will be led jointly by DPA and CSL with the aim of building a broader maritime industrial ecosystem on the western seaboard. The development is described as a major expansion of the national ship repair ecosystem.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Cabinet Committee on Economic Affairs has approved the development of a state of the art ship repair facility at Vadinar in Gujarat, to be jointly implemented by Deendayal Port Authority (DPA) and Cochin Shipyard Limited (CSL). The project carries a combined investment of Rs 15.7 billion (Rs 15.7 bn). It is planned as a brownfield facility with a 650 metres jetty, two large floating dry docks, workshops and associated marine infrastructure. Vadinar has a natural deep draft and direct connectivity to major shipping routes and its proximity to ports such as Mundra and Kandla makes it favourable for repair operations for large commercial and foreign flagged vessels. The facility will enable repairs for vessels up to 300 m in length, addressing a capacity gap for vessels exceeding 230 m. Enhanced turnaround times and strengthened repair capability on the western coast are expected to improve the competitiveness of Indian ports. The initiative is designed to reduce dependence on foreign shipyards and to curb foreign exchange outflow by enabling high value repairs to be carried out within India. It will create opportunities for skill development and is anticipated to generate approximately 290 direct and around 1,100 indirect jobs across ship repair, logistics and ancillary industries. The project is also expected to catalyse growth of maritime ancillary services and MSMEs in the surrounding region. Officials have said the facility will contribute to regional economic growth and support India's long term maritime objectives under Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047. Implementation will be led jointly by DPA and CSL with the aim of building a broader maritime industrial ecosystem on the western seaboard. The development is described as a major expansion of the national ship repair ecosystem.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement