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Home Steel News India invests Rs 570 billion to develop shipping hub in Deendayal Port
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India invests Rs 570 billion to develop shipping hub in Deendayal Port

14 Jan 2025 16:02 reported by Vicky Wang

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The Indian government planned to invest Rs 570 billion (US$6.63 billion) to develop Deendayal Port into a local shipping hub. The port is one of the main ports on the west coast of India and one of the highest-earning ports in India.

India will first invest Rs 300 billion to build a shipyard covering an area of more than 8,000 acres, which will be able to build 32 new ships and repair 50 ships each year. It will also be equipped with docks and fishing port facilities, making it part of the marine industry cluster and creating jobs.

In the second stage, Rs 27 billion will be invested to build a new cargo terminal, which will be equipped with modern equipment to shorten the waiting and turnover time of ships and provide convenience for the docking of large ships. It was expected to increase the annual throughput of the port by 135 million tons.

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