Media reports India to invest over half billion dollars to expand naval shipyard
(MENAFN) India is set to invest around $588 million to expand its naval shipbuilding facilities in Mumbai, India Today reported, citing sources.
The state-run Mazagon Dock Shipbuilders Limited (MDL) plans to reclaim 10 acres of marine space adjacent to its current site in Mumbai to build two new basins. These will allow the simultaneous construction and maintenance of larger warships and submarines, according to the report.
The project aims to support the growing demands of the Indian Navy for advanced vessels. It will also double MDL’s current deadweight handling capacity from 40,000 tons to 80,000 tons. Deadweight handling refers to the maximum cargo weight a ship can carry, excluding the ship’s own weight.
MDL has also secured a 29-year lease on an additional 15 acres of land, where construction activities are already underway. Currently, the shipyard has the capacity to simultaneously build 11 submarines and 10 warships, a figure expected to rise as MDL works on two major submarine projects for the Indian Navy.
The Mumbai expansion is considered key to helping the Indian Navy achieve its target of operating 175 ships and achieving full indigenization by 2047.
Earlier this month, Andrey Puchkov, CEO of Russia’s United Shipbuilding Corporation, expressed interest in contributing to India’s defense manufacturing initiatives. India is currently constructing Triput-class frigates at its Goa shipyard with Russian technological and design support.
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