📷 Image: Wikimedia Commons / Indian Navy
Business
Mazagon Dock to invest Rs 15,000 crore in new greenfield shipyard in Andhra Pradesh
✍️ Moneycontrol.com
🗓 18 Sep 2026, 09:16 PM
👁 12
Mazagon Dock has announced a Rs 15,000 crore investment to build a greenfield shipyard in Andhra Pradesh, marking a major expansion in India's shipbuilding capacity.
Mazagon Dock Limited, the state-owned shipbuilding firm, disclosed plans to allocate Rs 15,000 crore for a greenfield shipyard in Andhra Pradesh. The project aims to augment India's commercial and defence vessel production capabilities and is expected to create thousands of jobs in the region. While detailed timelines have not been released, the company indicated that the shipyard will be built on a newly acquired coastal tract, incorporating modern infrastructure and advanced shipbuilding technologies. The investment underscores the government's push to boost domestic shipbuilding and reduce reliance on foreign yards. Industry analysts view the move as a strategic step toward strengthening India's maritime self‑reliance.
The Andhra Pradesh government has welcomed the proposal, noting its potential to spur economic growth and attract ancillary industries. Officials anticipate that the shipyard will complement existing maritime hubs in the state, such as Visakhapatnam, and contribute to the broader Make in India agenda. Mazagon Dock plans to engage both domestic and international partners for technology transfer and equipment supply.
Funding for the Rs 15,000 crore venture will be sourced from the company's internal accruals and government-backed financial instruments. The project aligns with recent policy measures aimed at expanding the country's shipbuilding capacity, including incentives for greenfield developments and streamlined regulatory approvals. Completion of the shipyard is slated for the mid‑2020s, subject to land acquisition and environmental clearances.
The Andhra Pradesh government has welcomed the proposal, noting its potential to spur economic growth and attract ancillary industries. Officials anticipate that the shipyard will complement existing maritime hubs in the state, such as Visakhapatnam, and contribute to the broader Make in India agenda. Mazagon Dock plans to engage both domestic and international partners for technology transfer and equipment supply.
Funding for the Rs 15,000 crore venture will be sourced from the company's internal accruals and government-backed financial instruments. The project aligns with recent policy measures aimed at expanding the country's shipbuilding capacity, including incentives for greenfield developments and streamlined regulatory approvals. Completion of the shipyard is slated for the mid‑2020s, subject to land acquisition and environmental clearances.