Moneycontrol PRO
Loans
Loans
HomeCityPort-driven: How Andhra Pradesh plans to power economy using its 1,000-km coastline

Port-driven: How Andhra Pradesh plans to power economy using its 1,000-km coastline

The chief minister instructed officials to prepare a detailed action plan to expedite the project.

May 14, 2025 / 06:37 IST
Chandrababu Naidu

Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday unveiled a strategic plan to build a port-driven economy by tapping into the state’s 1,000-km-long coastline, with proposals to set up a port or fishing harbour every 50 kilometres.

An official press release saud Naidu outlined that the plan is expected to spur economic growth in the southern state and generate employment and create infrastructure. "We have unveiled a strategic plan to build a port-based economy by harnessing Andhra Pradesh’s 1,000-kilometre coastline," said Naidu in the release.

As part of the central government’s bifurcation-era commitment, a major initiative was discussed to establish a Ship Building and Repair Cluster at Dugarajapatnam in Nellore district, a report in PTI said.

The project is set to come up over 2,000 acres through a collaboration between the Centre and the Andhra Pradesh government. Of this, 1,000 acres will be earmarked for core shipbuilding units and the remaining 1,000 acres for ancillary industries.

The proposal includes a greenfield port integrated with a shipbuilding and repair hub that will feature four dry docks, outfitting jetties, and a ship-lift facility.

The Centre is expected to invest around Rs 3,500 crore in the project, while the Andhra Pradesh government will contribute land as its equity share.

TDP supremo said that a Special Purpose Vehicle (SPV) will attract global ship-building players and the project will bring Rs 26,000 crore investments creating 5,000 direct jobs, and 30,000 indirect jobs.

The chief minister instructed officials to prepare a detailed action plan to expedite the project. He also emphasised improving cargo movement via Visakhapatnam Port, crucial to the state’s growth.

Moneycontrol News
first published: May 14, 2025 06:31 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347