Tamil Nadu Emerges as Shipbuilding Hub with New Mega Investments

Tamil Nadu is set to become a major player in the shipbuilding sector with the establishment of two state-of-the-art shipyards in Tuticorin, attracting investments worth Rs 30,000 crore. This initiative, expected to generate approximately 55,000 jobs, was announced by Industries Minister TRB Rajaa on Saturday.

The announcement follows Chief Minister M K Stalin's commitment at the TN Rising-Tuticorin conclave to bolster the shipbuilding sector. A critical Memorandum of Understanding was signed between the State Industries Promotion Corporation and V O Chidambaranar Port Authority in September. Saturday marked a significant milestone with two Ultra Mega MoUs signed to establish world-class Greenfield shipyards.

Cochin Shipyard Ltd and Mazagon Dock Shipbuilders Ltd, key players in the industry, have committed to invest Rs 15,000 crore each, boosting job creation significantly. Rajaa emphasized the government's effort to diversify Tamil Nadu's industrial sector, highlighting the state's leadership in various sectors and the strategic push into shipbuilding. This positions Tamil Nadu as a global hub in maritime innovation, driving substantial economic growth and sustainability.