By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
India Times NowIndia Times NowIndia Times Now
Notification Show More
Font ResizerAa
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
Reading: SPV modalities being readied for shipbuilding cluster at Dugarajapatnam, says Minister
Share
India Times NowIndia Times Now
Font ResizerAa
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
Search
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
Have an existing account? Sign In
Follow US

Home » SPV modalities being readied for shipbuilding cluster at Dugarajapatnam, says Minister

India News

SPV modalities being readied for shipbuilding cluster at Dugarajapatnam, says Minister

Times Desk
Last updated: September 25, 2025 6:42 pm
Times Desk
Published: September 25, 2025
Share
SHARE


Land was being allotted for the project on a long-term lease under the AP Maritime Board policy, says Infrastructure & Investments Minister B.C. Janardhan Reddy.

Land was being allotted for the project on a long-term lease under the AP Maritime Board policy, says Infrastructure & Investments Minister B.C. Janardhan Reddy.
| Photo Credit: File Photo

Minister for Infrastructure & Investments B.C. Janardhan Reddy has said that the modalities for forming a Special Purpose Vehicle (SPV) for setting up a mega shipbuilding cluster at Dugarajapatnam in Tirupati district are being worked out with the Central government.

Replying to a question posed by by MLAs N. Eswara Rao and Kamineni Srinivas in the Legislative Assembly on Thursday, Mr. Janardhan Reddy said that the State government had issued guidelines under the Maritime Policy for promoting the shipbuilding cluster and announced financial incentives, exemptions and subsidies.

Land was being allotted for the project on a long-term lease under the Andhra Pradesh Maritime Board policy and the necessary clearances were being given through the single window, he said.

Apart from the proposed shipbuilding facility, Mr. Janardhan Reddy said potential shipbuilding and repair centres were planned by the government in Bapatla, Nellore, Krishna, Srikakulam and Kakinada districts.

Anakapalli MLA Konathala Ramakrishna said Andhra Pradesh used to have a shipbuilding centre at the Hindustan Shipyard in Visakhapatnam but due to losses incurred over a period of time, it was merged with the Navy.

Opportunities in the shipbuilding sector in AP have since gone begging. The government should realise the untapped potential of the State’s 1,053-km coastline by setting up shipbuilding units in addition to greenfield ports and fishing harbours, he suggested.

Published – September 26, 2025 12:12 am IST



Source link

ASHA workers march to Cliff House
Kalaburagi will benefit by new Vande Bharat Sleeper service, says KKCCI
A year since his death, uncertainty surrounds M.M. Lawrence’s body
TVK Karur rally stampede: Rahul Gandhi speaks with actor Vijay
‘Something out of ordinary’: Nirmala Sitharaman interacts with college students who witnessed Parliament’s Budget session live
TAGGED:Andhra Pradesh newsInfrastructure & Investments Minister B.C. Janardhan ReddyMonsoon session in Assembly of Andhra PradeshSPV modalities for shipbuilding cluster at DugarajapatnamVijayawada news
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Popular News

Telangana Waqf Board seeks 6-month extension for institution registrations

Times Desk
Times Desk
December 6, 2025
Speculative journalism dangerous, says Siddaramaiah at State journalists’ meet
There is a difference between refugees and infiltrators: Amit Shah
President Murmu to visit Hyderabad on November 21
Students protest Telangana government’s land resumption from Manuu
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
© INDIA TIMES NOW 2026 . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?