MoU between NSHIP-AP and Mazagon Dock Shipbuilders Ltd signed
In the presence of Chief Minister N Chandrababu Naidu, the MoU between NSHIP-AP, (The SPV of Visakhapatnam Port Authority & AP Maritime Board) and Mazagon Dock Shipbuilders Ltd., marks a significant convergence of State and Union maritime vision.
With a proposal to develop a ₹29,253 crore integrated shipbuilding cluster at Dugarajapatnam with potential for 45,000 direct & indirect employment opportunities, the project can create a powerful ecosystem spanning shipbuilding, marine engineering and logistics.
The initiative aligns with the Government of India’s Shipbuilding Development Scheme, National Shipbuilding Mission and the Maritime Amrit Kaal Vision 2047, which seek to strengthen India’s shipbuilding capabilities and position the country among the world’s leading shipbuilding nations.
With the Cooperation of State Government and with the leadership of VPA Chairman Jasmeet Singh Bindra, IRTS, Andhra Pradesh is poised to emerge as a major node in India’s maritime and shipbuilding ecosystem.


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