Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
According to senior
company officials, the investments will be financed through a combination of
multilateral funding, domestic bank loans, and internal accruals. The company’s
diversification aligns with the government’s push to modernize India’s maritime
ecosystem and promote green, value-added port-linked industries.
JM Baxi plans to establish a state-of-the-art ship
recycling facility near Alang, Gujarat, with an investment of about $1 billion
(around ₹8,500 crore). The greenfield project, to be developed in partnership with
other Indian players, will be capable of recycling seven to eight large vessels
simultaneously in its first phase and is expected to reach full capacity by
2029.
In parallel, the
company is also planning a ship repair facility in South India and has begun
identifying suitable locations. Most of the funding for the initial phase will
be drawn from internal accruals, with the company also exploring global
development and infrastructure funds for future phases.
Additionally, JM
Baxi is preparing to launch a 600-passenger luxury cruise service, likely under
a European flag, connecting major tourism hubs along India’s coastline —
marking its foray into India’s growing cruise tourism sector.
