Rs.1500 Million New Shipbuilding/Repair Facility in Balasore, Odisha
A new maritime facility is being established in Balasore, Odisha, with a ₹150 crore investment approved in April 2026. The project will focus on shipbuilding, vessel repair, and the construction of mechanized floating vessels. Expected to create 600 jobs, this initiative aims to strengthen regional maritime capabilities and coastal infrastructure by enhancing local manufacturing capacity.
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