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APMB Says Keen On Making The State A Shipbuilding Hub

This aligns with Centre's Maritime Vision 2047, which aims to place India among the top five shipbuilding nations in the world

APMB Says Keen On Making The State A Shipbuilding Hub

APMB Says Keen On Making The State A Shipbuilding Hub
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18 Jan 2025 12:14 PM IST

Amaravati: Andhra Pradesh, in line with the vision of Chief Minister N Chandrababu Naidu is committed to transform AP into a leader in shipbuilding. With its 1,053 km coastline, a well-developed port network, and strategic locations, the State has immense

potential to become a global shipbuilding destination, AP Maritime Board (APMB) has said. Principal Secretary of Infrastructure and Investment S Suresh Kumar on Friday held a crucial meeting at the Secretariat Office, Amaravati, to discuss opportunities for developing a state-of-the-art shipbuilding industry in the State. This aligns with the Government of India's Maritime Vision 2047, which aims to place India among the top five shipbuilding nations in the world.

To accelerate this vision, APMB recently invited proposals through an Expression of Interest (EOI) for shipbuilding investments in AP. APMB team has reached out to through this EOI to world’s leading shipbuilders and garnered a lot of attention in this marketplace.

Hyundai Heavy Industries and Korean shipbuilders had previously engaged with APMB and has shown strong interest in the State’s potential. Their site visits and discussions highlighted AP as a promising destination for shipyard development. APMB said on Friday they held a meeting to explore collaboration opportunities with Garden Reach Shipbuilders & Engineers (GRSE), a leading shipbuilder in India. GRSE representatives had productive discussions with APMB and also visited potential sites for setting up shipbuilding facilities. GRSE representatives were impressed with AP's infrastructure and coastal resources. The discussions centered on how the State can contribute to achieving India’s Maritime Vision 2047 through shipbuilding and development of maritime ancillary industry clusters.

Andhra Pradesh shipbuilding potential AP Maritime Board initiatives Maritime Vision 2047 GRSE collaboration Hyundai Heavy Industries interest 
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