Andhra Pradesh to secure anchor investor for ₹29,000-cr shipbuilding cluster
pre-market1 source ↓written by the desknot a recommendation
- Dugarajapatnam mega shipbuilding
- ₹29,000-crore
- leveraging
- 1,053-km coastline
- a capacity
- 1.2 million tonnes
The Andhra Pradesh government is set to announce a global major as an anchor investor for the ₹29,000-crore Dugarajapatnam mega shipbuilding cluster. This initiative aims to enhance the state's maritime economy, leveraging its 1,053-km coastline. A special purpose vehicle has been established to oversee the project, which includes a capacity of 1.2 million tonnes.
Not investment advice. For informational purposes only.