Govt to set up intl shipyard worth up to 4k cr STAFF WRITER 10:21 HRS IST New Delhi, Jan 3 (PTI) The government plans to set up a shipyard to produce large-sized vessels under public-private partnership with an investment of Rs 3,000-4,000 crore, in lieu of the Hindustan Shipyard going to the Defence Ministry. The government will set up another shipyard, most likely on the east coast (of the country) under the the PPP mode to make VLCC and other large vessels ... the total investment will be at Rs 3,000-4,000 crore, a senior government official told PTI. This will be the only facility in the country after Pipavav shipyard to produce huge vessels such as very large crude carriers (VLCCs). The government will hold anywhere between 26-49 per cent in the project...land will be acquired (for the project) by the private developer to expedite the project, he said.
http://www.ptinews.com/news/450540_Govt-to-set-up-intl-shipyard-worth... ...and I am Sid Harth