India's government approves Rs 1,070 cr to develop shipbuilding yards

The state government on Monday said it has approved three projects, worth Rs 1,070 crore, for development of shipbuilding yards, off Gujarat coast line. “The three projects have been approved by the Board, which include yards along the north bank of Narmada near Dahej, and old-port of Bhavnagar," a Gujarat Maritime Board (GMB) spokesperson said.
“Small to medium size vessels are proposed to be constructed by these private players at the approved sites,” he said.
The three companies granted approval for developing shipbuilding yards are Modest Infrastructure at Nava Ratanpara in Bhavnagar, Dolphin Offshore at Jafrabad in Saurasthra and Bombay Marine at Koliyad near Dahej.
“The project in Bhavnagar by Modest is worth Rs 500 crore for which environment and coastal regulatory zone clearances have been received from Government of India). Land is in possession of the shipbuilder and project implementation shall begin soon,” GMB spokesperson said.
"Land acquisition is in progress for the yards proposed at Jafrabad and Koliyad to be developed by Dolphin Offshore and Bombay Marine with an estimated cost Rs 450 crore and Rs 120 crore, respectively," he said.
The state government has proposed to set up five marine shipbuilding parks (SMPs), of which projects for three SMPs along the coastlines of Bhavanagar and Dahej are being accorded priority by the board.