Rs.20000 Million Brownfield Shipbuilding and Repair Facility at Thoothukudi's VOC Port in Tamil Nadu.
A state-run shipbuilder has emerged as the highest bidder to lease 49 hectares of land and 7 hectares of waterfront at VO Chidambaranar Port for 30 years to set up a new shipbuilding and repair yard. Categorised as a brownfield capacity expansion under the Shipbuilding Development Scheme, the facility will cater to small coastal ships and marine craft. The port authority's board has approved the price bid for the roughly ₹2,000 crore project.
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