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Time of India
14-05-2025
- Business
- Time of India
Shipbuilding and repair cluster to be established in Nellore district of Andhra Pradesh
DoneVijayawada: A shipbuilding and repair cluster will be established at Dugarajapatnam in Nellore district, in a major fillip to the industrial sector in the initial feasibility report has been prepared for the establishment of the cluster—a promise made in the AP Bifurcation Act, 2014. According to the feasibility report, the cluster will come up on 2,000 acres through central and state govt plan includes setting up a greenfield port integrated with a shipbuilding and repair hub featuring four dry docks, outfitting jetties, and a ship-lift facility. Of the 2,000 acres, 1,000 acres will be allocated for core shipbuilding units and the other 1,000 acres for ancillary industries. The estimated central investment for the project is 3,500 crore, and the govt of Andhra Pradesh will contribute land as equity.A Special Purpose Vehicle (SPV) will be formed for implementation and attracting leading global players in the shipbuilding sector. Chief minister N Chandrababu Naidu chaired a meeting with officials from the Union Ministry of Ports, Shipping and Waterways, including the secretary TK Ramachandran. The discussions focused on fast-tracking port infrastructure and maritime development projects in Andhra officials informed the CM that the project is expected to bring 26,000 crore in investments over the next five years and can generate direct employment for 5,000 people and create indirect employment for approximately 30,000 more. Naidu instructed officials to formulate a detailed action plan to take the project forward. Other ongoing port and coastal development initiatives were also reviewed during the Naidu urged central officials to make cargo movement via Visakhapatnam Port more cost-effective, recognizing it as a key strategic asset for the CM was also briefed on emerging opportunities in cruise tourism. He directed officials to explore river cruise circuits in picturesque regions like Polavaram, Srisailam, and Nagarjuna Sagar to boost tourism and local economies.
The Hindu
12-05-2025
- Business
- The Hindu
Union Ports Secretary visits DCIL
Union Ministry of Ports, Shipping and Waterways Secretary T.K. Ramachandran on Monday visited the Dredging Corporation of India Limited (DCIL) headquarters in Visakhapatnam. Mr. Ramachandran conducted a comprehensive review of DCIL's overall performance and interacted with the senior leadership team. He emphasised upon the need for the corporation to focus on strategic initiatives aimed at enhancing productivity and competitiveness in the current market environment. He lauded DCIL's vital contribution to maintaining navigational channels across the country through its dredging operations. DCIL Chairman Madhaiyan Angamuthu briefed the Secretary on the corporation's ongoing strategic initiatives and its pivotal role in supporting maritime trade by ensuring navigability at major Indian ports. While, Managing Director and CEO Durgesh Kumar Dubey provided an overview of the ongoing projects and financial performance. The Secretary also visited the DCIL museum.
Mint
03-05-2025
- Business
- Mint
India's BIG move! Bans Pakistani ships from ports to ‘ensure safety of assets' in aftermath of Pahalgam attack
The Centre on Saturday banned all ships bearing the flag of Pakistan from entering any Indian port amid escalating tensions between the two countries after the horrifying Pahalgam terror attack on April 22. In an order, the Union Ministry of Ports, Shipping and Waterways also said an Indian ship will also not visit any Pakistani port. This comes hours after India banned all imports from Pakistan. 'A ship bearing the flag of Pakistan shall not be allowed to visit any Indian Port,' said the order. 'An Indian flag ship shall not visit any Ports of Pakistan.' (This is a developing story. Check back for updates) First Published: 3 May 2025, 02:28 PM IST
