Indian shipbuilder ABG Shipyard has announced its plans to build a greenfield shipyard in three phases along the Indian state of Gujarat’s coastline, representing an investment of Rs. 5,000 crore (about US$912 million).
The shipyard will be the company’s third facility in Gujarat. The company submitted the proposal to the state government during the ongoing Vibrant Gujarat Global Investors Summit 2013.
ABG Shipyard also plans to expand its two other facilities in Gujarat at the ports of Dahej and Magdalla in three phases, an investment worth approximately $364.8 million.