Cabinet approves Rs 1,570 crore joint ship repair facility by Deendayal Port Authority and Cochin Shipyard at Vadinar, Gujarat.
Facility includes 650m jetty, two floating dry docks to repair vessels up to 300m length, addressing India's infrastructure gap.
Project to generate 290 direct and 1,100 indirect jobs while reducing foreign exchange outflow for vessel repairs.
Strategic location leverages Vadinar's deep draft and proximity to major ports Mundra and Kandla for repair operations.