January 10, 2008
Bharati announces plan for new shipyard
India's Bharati Shipyard Ltd is to construct a Green Field modern shipyard at Usgaon near the Dabhol port in Ratnagiri district of Maharashtra on India's east coast.
The yard will have the capacity to build vessels upto 100,000 DWT and will be fully operational in the next two years. It will make use of the majority of the shipyard machinery and equipment that Bharati purchased from Britain's Swan Hunter Shipyard--including the Swan Hunter floating drydock.
Bharati Shipyard managing director Mr. P. C. Kapoor, Managing Director of the Company said: "We are very proud to announce the Green Field Shipyard at Dabhol. The yard will be spread over an area of more than 250 acres. We have already acquired more than 180 acres of land. We are in the process of acquiring balance land."
Bharati says the yard is situated inside a creek away from the main sea, which makes it suitable for shipbuilding in all weather conditions. The yard has many other locational advantages including very good water depth, adequate waterfront, scope for further expansion, etc. The civil work and the capex including installation of machineries at the yard has already commenced.
The Swan Hunter machinery and equipment will "be optimally utilized at Dabhol" and "provide very good synergies" as they are capable of building vessels up to 250,000 DWT.
With the increased shipbuilding capacity, the new shipyard will also help boost allied industriesand create job opportunities for more than 3,000 people.