India plans to invest more than half billion dollars in naval shipyard
(MENAFN) India is preparing to invest approximately $588 million to expand its naval shipbuilding infrastructure in Mumbai, according to reports citing government sources.
Mazagon Dock Shipbuilders Limited (MDL), a state-owned enterprise, is planning to reclaim around 10 acres of coastal area adjacent to its current facility to construct two new basins. These additions will enable the shipyard to build and service large warships and submarines at the same time.
The proposed expansion is aimed at addressing the Indian Navy's growing need for more sophisticated maritime platforms, the report stated.
As part of the project, MDL’s current deadweight handling capacity—referring to the total weight of cargo, fuel, crew, and supplies a vessel can carry—will be doubled from 40,000 tons to 80,000 tons.
In addition to reclaiming land, MDL has secured a 29-year lease on a separate 15-acre site, where shipbuilding operations are already underway.
The shipyard currently has the capability to simultaneously construct up to 11 submarines and 10 warships. That capacity is expected to grow further as it undertakes two key submarine projects for the Indian Navy.
The Mumbai-based expansion will be central to India’s broader naval ambitions, including a planned 175-ship fleet and a long-term goal of achieving full domestic production—100% indigenization—by the year 2047.
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