Tamil Nadu is set to host two world-class Greenfield commercial shipyards with a combined investment of Rs 30,000 crore. The projects are spearheaded by the Government of India’s PSUs, Cochin Shipyard Limited and Mazagon Dock Shipbuilder Limited. The MoUs between the state government and the PSUs were signed during the ‘Samudra Se Samriddhi’ event chaired by Prime Minister Narendra Modi in Bhavnagar, Gujarat. The Tamil Nadu Government announced it had signed the MoUs during the Transforming Maritime Sector event in Thoothukudi.

Cochin Shipyard Limited will invest Rs 15,000 crore and it will create 10,000 jobs in the first phase. Mazagon Dock Shipbuilders Limited will invest Rs 15,000 crore and it will generate 45,000 jobs in the state. Together, the two Ultra Mega MoUs promise 55,000 empl

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