Tirupati gets INR 3,500 cr. shipbuilding, repair cluster

Andhra Pradesh Chief Minister Mr N. Chandrababu Naidu has announced the establishment of a shipbuilding and repair cluster spread over 2,000 acres in Dugarajapatnam in Tirupati at a cost of Rs 3,500 crore. Backed by the Union Ministry of Ports, Shipping and Waterways, the 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, around 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 Rs 3,500 crore, with the state government contributing land as its equity. An SPV will be formed to attract global players to implement the project, said a report.

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