Ulsan in Thoothukudi: TN’s shipbuilding policy aims high
The Hindu
Tamil Nadu’s merchant shipbuilding policy contains a raft of measures towards attracting investment and facilitating the building of modern shipyards.
Darez Ahamed, the MD of Guidance Tamil Nadu, the State government’s nodal investment promotion agency, often muses on the big picture of issues. He opines that every nation that shifts course to a high growth path towards becoming fully developed takes up merchant shipbuilding.
Shipbuilding moved from Europe to the U.S., then to Japan, followed by South Korea and China. These happened just as the nations became highly advanced.
Vietnam and Philippines started shipbuilding in a major way recently. “It’s now India’s turn. And Tamil Nadu is taking the lead,” said Mr. Ahamed two days after the State unveiled its shipbuilding policy this week.
Tamil Nadu’s merchant shipbuilding policy contains a raft of measures towards attracting investment and facilitating the building of modern shipyards. A Special Purpose Vehicle, NSHIPTN, under SIPCOT with Union government as major stakeholder will develop infrastructure, enter into joint ventures, lease assets, facilitate capital raising and so on. The State government can participate in equity (up to 49%) in shipyards or lease assets up to 20% of project cost. Straight off capex subsidies as proportions of fixed assets, 2% interest subvention and PLI schemes are other incentives. The government has promised support to a range of activities including setting up the supply chain, training and supplying the manpower, and housing for yard staff.
Guidance officials say a college dedicated to training engineers on shipbuilding as well as institutions for skilling on shipbuilding trades such as welding, erection and electric work will be started. The government college will also train seafarers.
Two clusters are planned to come up: one in Thoothukudi and another in Cuddalore. More than 3,000 acre of land belonging to SIPCOT have been identified for the shipyard in Thoothukudi.
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