India to have two hi-tech major ship building yards: Baalu

With India becoming a leading maritime power, the government has embarked upon an ambitious plan to set up two state-of-the-art ship building yards in the country at a cost of Rs 5,000 crores each.

These would be greenfield ship building yards with one each in east and west coast. The yards would have the capacity to build large container ships and tankers upto a capacity of three lakh tonnes, Shipping Minister T R Baalu told PTI.