The four yards that have received IPA are: Cochin
Shipyard Limited (CSL) — Vadinar, Gujarat: a new ship repair facility at
Vadinar, in partnership with Deendayal Port Authority, valued at Rs 920
crore. Swan Defence & Heavy
Industries (SDHI) — Pipavav, Gujarat: Phase 1 infrastructure upgrade including
Goliath and ELL cranes, valued at Rs 504 crore. Titagarh Naval Systems Limited (TNSL) —
Falta, West Bengal: a new yard at Falta capable of delivering 10-12 vessels up
to 160 metres per year, valued at Rs 516 crore. MAT Marine — Kakinada, Andhra Pradesh:
shipbuilding and ship-repair infrastructure including slipways for 1,000+ GT
per year, valued at Rs 105 crore. DG Shipping clarified
that the IPA stage signals government commitment to the project framework and
eligibility, but carries no financial commitment. Capital assistance of up to
25% of the approved project cost, capped at Rs 1,500 crore per yard, is
sanctioned only at Final Approval, following independent DPR appraisal, and is
released across four milestone tranches of 15%, 30%, 35% and 20%. Together, the four projects represent Rs
2,045 crore in investment approved in-principle, with more than Rs 10,000 crore
in the pipeline overall, part of an Rs 8,261 crore brownfield expansion drive
underway to transform India’s existing shipyards into globally competitive
centres for shipbuilding and ship repair.
These projects are expected to modernise existing yards into
globally competitive facilities, accelerate India’s journey towards Maritime
AmritKaal Vision 2047, and help build a self-reliant, future-ready maritime
manufacturing ecosystem.