MoU between MDL and Tamil Nadu Government to Develop Greenfield Shipyard

MoU between MDL and Tamil Nadu Government to Develop Greenfield Shipyard

Daily Current Affairs   /   MoU between MDL and Tamil Nadu Government to Develop Greenfield Shipyard

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Category : Business and economics Published on: September 25 2025

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Mazagon Dock Shipbuilders Limited (MDL) signed a Memorandum of Understanding (MoU) with Tamil Nadu Government’s investment promotion agency, Guidance Tamil Nadu, to develop a world-class Greenfield shipyard on India’s east coast. The ceremony was held in Bhavnagar, Gujarat, and attended by Union Minister Sarbananda Sonowal. MDL will invest ₹15,000 crore in this project, which is expected to generate around 45,000 jobs. This initiative is considered a major step under Prime Minister Modi’s “Samudri Amrit Kaal Vision 2047” to promote the shipbuilding industry and establish India as a global maritime power.

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