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Andhra Pradesh Unveils Ambitious Port-Based Economy Plan

Chief Minister N. Chandrababu Naidu announced a 2,000-acre shipbuilding hub at Dugarajapatnam and a network of ports to transform the state's 1,000-km coastline.

CM met a team of officials from the Union ministry of ports, shipping and waterways and other senior state officials (PTI)
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Overview

  • The strategic plan includes establishing ports or fishing harbours every 50 km along Andhra Pradesh's coastline to spur economic growth and create jobs.
  • A 2,000-acre shipbuilding and repair cluster will be developed at Dugarajapatnam, featuring four dry docks, outfitting jetties, and a ship-lift facility.
  • The project, with an estimated central investment of ₹3,500 crore, aims to attract ₹26,000 crore in total investments and generate 35,000 jobs, including 5,000 direct positions.
  • A Special Purpose Vehicle (SPV) will be formed to implement the shipbuilding cluster and attract global players in the maritime sector.
  • The plan also emphasizes cost-effective cargo movement through Visakhapatnam Port and exploring river cruise tourism circuits to diversify the state's economy.