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Mint
a day ago
- Business
- Mint
Three shipbuilding clusters to come up at ₹75,000 crore
New Delhi: The Centre is looking at an investment of ₹75,000 crore in the three brand-new shipyards planned along its east and west coasts, as it targets to make India a global hub for shipbuilding. The investment will be made over four to five years, with the yards capable of making and repairing ships. 'The government is seeking to set up three greenfield shipbuilding clusters and support the existing shipyards carry out brownfield expansion. Overall, the government is targeting about ₹25,000 crore investment per greenfield cluster, which may be subject to significant changes based on the final locations and the shipyard sizes," the Union ports ministry said in response to a query. Five states are in talks with local and foreign shipbuilders to pick the ideal locations to host the three facilities, the ministry said. One of the shipyards may also host a shipbreaking facility supplying material for shipbuilding. 'MoPSW is also finalizing schemes to support these clusters (greenfield). For the brownfield expansion of existing yards, there is a scheme under finalization to support the expansion efforts of all the yards," the ministry said. Greenfield manufacturing refers to facilities put up from scratch, while brownfield refers to the expansion of existing facilities. The planned total amount of ₹75,000 is expected to come from both the Centre and companies. Mint reported in July that Indian state-run firms were looking to tie up with global shipbuilders. Also, in September, Mint reported that India is looking to Japan and Korea for shipbuilding initiatives. Talks are on with Japanese and Korean shipbuilders for investments in Indian clusters, while existing public sector shipbuilders are separately negotiating with Korean firms for joint ventures. Push for local The shipyard push is part of the government's ambition to make ships of all sizes and build locally, and encourage Indian built, owned and flagged cargo ships. The country's share in global shipbuilding now remains below 1%. The government's projection is to raise the share of Indian built ships in India's fleet from 5% at present to 7% by 2030 and 69% by 2047. Earlier, shipping secretary T.K. Ramachandran had told Mint that five locations in Andhra Pradesh, Odisha, Tamil Nadu, Gujarat and Maharashtra were being considered for developing shipbuilding clusters. It is expected that first three may come up in Tamil Nadu, Gujarat and Odisha, where identification and notification of land for the project has progressed swiftly. Special purpose vehicles have also been formed in these states and they have also commissioned techno economic feasibility report (TEFR) for the project. Some of the sites have carried out initial viability assessments of the locations and the same is planned for other locations. The findings will be shared with shipbuilders, and they will be invited to invest in these clusters, the ministry said. "A significant capital commitment under a public-private partnership model underpins the ambitious objective of becoming a leading shipbuilding power by 2047. While the challenge is massive, the opportunity is equally substantial," said Anshuman Magazine, chairman & CEO, India, South East Asia, Middle East & Africa, at CBRE, a global consulting firm. India is a classic example of peninsular geography, with an extensive coastline spanning nine states, which provides a distinct competitive advantage in maritime logistics across the Arabian Sea, the Bay of Bengal, and the Indian Ocean, Magazine said. "The regional market, particularly the supply chains of emerging Southeast Asian economies, presents a huge opportunity for India to position itself as a reliable and cost-competitive alternative in the shipbuilding industry," he added. Indian officials have visited traditional shipbuilding centres in Korea, Japan, and a few Scandinavian countries to explore partnerships and joint venture agreements. Over the next few months, some tie-ups between global shipbuilders and Indian private sector and state-owned companies are expected. The FY26 budget proposed Maritime Development Fund, a ₹25,000 crore government-industry partnership that would help develop manufacturing clusters with focus on shipbuilding and breaking. The budget also proposed that the existing Shipbuilding Financial Assistance (SBF) policy will be revamped to address cost disadvantages while also providing Credit Notes for shipbreaking to help purchase indigenously build ships. The budget has also included large ships in the infrastructure harmonized master list (HML) allowing purchase of ships on easier terms while providing basic customs duty exemption on raw materials, components, consumables or parts for the manufacture of ships extended for another ten years. Formal government notification for these programmes is still awaited. As per Maritime Vision 2030 and Vision 2047 plan, government is targeting to make India among the top 10 and among top five shipbuilding and ship owning country's worldwide respectively. Overall investment of ₹3 to 3.5 lakh crore across ports, shipping, and inland waterways categories is targeted. The shipbuilding initiative would also address a concern of the trade about the uncertainty and variability (escalation) of shipping cost impacting their market competitiveness. With better availability of domestic shipping lines at affordable prices, the freight rate volatility due to black swan events like covid-19, the Russia-Ukraine war, Red Sea crisis, Iran-Israel conflict, etc, could also be checked.
Time of India
27-06-2025
- Business
- Time of India
Twin-tower project: After bidders give initial round a miss, govt re-floats tender
Bengaluru: After drawing no bids the first time around, the public works department (PWD) has reissued a tender to appoint a transaction adviser for its long-pending twin-tower project — a mega plan aimed at housing various govt offices under one roof at Anand Rao Circle. Currently, these offices are scattered across various rented private buildings. "We have floated a fresh tender to select consultants for transaction advisory services as no bidders showed interest when we floated the tender earlier," said J Prakash, executive engineer (building division), PWD. Officials say the department has now set a deadline of July 9 for interested consultants to submit expressions of interest. The selected transaction adviser will be given 12 months to complete the assignment — six months to prepare a techno-economic feasibility report (TEFR) and another six months to provide transaction advisory services. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru The project, originally conceptualised in 2020, received an allocation of Rs 400 crore in the 2020-21 state budget under the previous BJP govt. However, due to various delays, it was put on hold. It has now been revived with a revised estimated cost of Rs 1,251 crore, and the govt has tasked PWD with implementing it. In Jan this year, the cabinet approved the hiring of a transaction adviser for the project, marking a renewed push toward execution. The proposed twin towers will be constructed on 8.8 acres of govt land at Anand Rao Circle — a prime location with structures dating back to pre-1940. Currently, several govt offices including those of the PWD and the health department function out of these old buildings. The strategic site was chosen for its proximity to the City Railway Station, Majestic bus stand, Metro stations, Vidhana Soudha, and the MS Building, making it a logistical hub for govt functioning. Once complete, the twin towers will comprise three basements, a ground floor, and 50 upper floors, offering extensive parking and modern amenities. Officials said a detailed proposal will be placed before the cabinet for final approval once the TEFR and concept plan are prepared. The project is to be developed on a public-private partnership (PPP) model. The transaction adviser will play a key role in finalising the specific model — whether PPP-DBFOT (design-build-finance-operate-transfer), lease-based, shared built-up area, or another configuration. Grand plan 60% space for state govt 35% leased to central govt 5% for commercial use
Time of India
19-06-2025
- Business
- Time of India
AP govt clears TEFR study for Sagar, Ongole airports
Vijayawada: Infrastructure and investments minister BC Janardhan Reddy said that state govt has accorded permission to AP Airport Development Corporation Limited (APADCL) for selection of consultants to undertake the techno-economic feasibility study report (TEFR) for the proposed greenfield airports at Nagarjunasagar and Ongole here. Reddy mentioned that collectors of the respective districts have already identified suitable lands for the construction of the greenfield airports, while the Airports Authority of India (AAI) completed the preliminary feasibility study of the two airports. Subsequently, govt approved for floating tenders regarding selection of consultants for preparation of TEFR for the proposed Amaravati International Airport and Kuppam Airport in the state. In a press release issued by the infrastructure minister on Wednesday, he stated that the NDA state govt is according highest priority to the development of infrastructural amenities such as roads, railways, seaports, and airports in the state. In this regard, the ministry is working in tune with cief mnister N Chandrababu Naidu's vision to have at least 20 seaports,and fishing harbours and 14 airports in the state. On the occasion, Janardhan Reddy said that govt took up key infrastructure works at Kurnool airport in 2025-26 financial year, which include runways and safety (RESA) and maintenance works costing 3.6 crore, besides approval for a taxiway to the flight training organisation (FTO) at a cost of 4.4 crore. Moreover, govt reconstituted the technical evaluation committee with 12 members for examining bids for the selection of consultants and developers for various airport projects undertaken by the APADCL.
Hans India
19-06-2025
- Business
- Hans India
Infra development priority for coalition govt, says minister
Vijayawada: Minister for investments, infrastructure, roads and buildings B C Janardhan Reddy said here on Wednesday that the coalition government is prioritising the development of infrastructure, including roads, railways, airports, ports, and fishing harbours, along with their connectivity across the state. He stated that in line with Chief Minister N Chandrababu Naidu's vision, systematic steps are being taken to ensure the state has at least 20 ports and fishing harbours combined, and specifically 14 airports, as part of a future-oriented action plan. In a statement outlining various ongoing development initiatives in the state, Janardhan Reddy confirmed that the state government has authorised the Andhra Pradesh Airport Development Corporation Limited to proceed with the tender process for selecting consultants. These consultants will prepare the Techno-Economic Feasibility Study Reports (TEFR) for the proposed greenfield airport projects in Nagarjuna Sagar and Ongole. He added that district collectors have already identified suitable sites for these two airports, and the Airport Authority of India (AAI) has completed preliminary feasibility studies. Approval has already been given for the consultant selection tender process for TEFR preparation for the Amaravati and Kuppam airports. The state government has granted administrative approval for two development projects at Kurnool Airport for the 2025-26 fiscal year including Rs 3.6 crore for correcting the Runway End Safety Areas (RESA) and other maintenance works and Rs 4.433 crore for providing a taxiway to the Flying Training Organisation (FTO) at Kurnool Airport. Janardhan Reddy said that the government has reconstituted a 12-member Technical Evaluation Committee to review bids for the selection of consultants and developers for airport projects undertaken by the Airport Development Corporation Limited in the state. Approval has been granted for the payment of bills totalling Rs 70.82 crore to 29 organisations previously owed by AP State FiberNet Limited (APSFL). The minister announced that the 7th State-Level Sagarmala meeting will be held on July 4 with Central and state government officials. Chaired by him as the minister for investments and infrastructure, the meeting will discuss various aspects, including the supervision, development, progress of ongoing projects under the Sagarmala project, and proposals for new projects.
New Indian Express
04-06-2025
- Business
- New Indian Express
TIDCO invites consultancy bids for Knowledge Tower at Tamil Nadu
CHENNAI: The Tamil Nadu Industrial Development Corporation Ltd (TIDCO) has invited consultancy proposals for the design and execution of a new 'Knowledge Tower,' a flagship infrastructure initiative that will anchor the upcoming Tamil Nadu Knowledge City in Tiruvallur, just north of Chennai. Spread on 12.65-acre within Phase 1 of the Knowledge City project, the proposed tower is envisioned as a hub for high-value knowledge industries, offering built-up space for research institutions, technology firms, and innovation-driven enterprises. TIDCO has been tasked by the government with end-to-end responsibility for its planning and execution, including associated infrastructure. The development is expected to unfold in phases, with the initial stage comprising a minimum built-up area of one lakh square feet. Further expansion will be aligned with emerging demand and long-term strategic goals, suggesting a flexible, demand-responsive approach to growth. The project is being developed in line with a broader master plan and Techno-Economic Feasibility Report (TEFR) for the Tamil Nadu Knowledge City, prepared by CBRE South Asia. The appointed consultant will be required to align their architectural and engineering proposals with these foundational documents to ensure design consistency and adherence to the overall vision for the site. The master plan for the Knowledge City has been completed, and the state government is currently in discussion with several national and international universities to establish campuses in the city. The consultant will be responsible for delivering architectural, engineering, and project management services across the lifecycle of the project. This includes the master planning and conceptual design, detailed architectural and engineering work for the initial phase, preparation of tender documents, and support during procurement. The selected firm will also oversee construction management for the first phase of the tower. The focus is on developing public plazas, ramps, open areas, bus shelters, common parking spaces, vehicular drop-offs, and other elements which will be developed or proposed in Phase 1. A pre-bid meeting will be held on June 11 and the last date for proposals is July 4.
