Bhubaneswar: The Orissa government will sign the memorandum of understanding (MoU) with the Apeejay Shipping and Bharati Shipyard for the Rs 2,200 crore Ship building yard and repair project proposed at">
Orissa govt signs MoU for Rs 2,200 crore
Wednesday, July 23, 2008
Orissa govt signs MoU for Rs 2,200 crore

Bhubaneswar: The Orissa government will sign the memorandum of understanding (MoU) with the Apeejay Shipping and Bharati Shipyard for the Rs 2,200 crore Ship building yard and repair project proposed at Dhamra.

Karan Paul, Chairman, ApeeJay Surrendra group today met the chief minister Naveen Patnaik in the state secretariat and discussed about the progress of the project.

Apeejay Shipping and Bharati Shipyard have already formed a joint venture ‘Oceanic Shipyard Ltd (OSL)' to execute this project.

"We have made good progress in the field and hope to sign the MoU with the Orissa government for the shipyard project at Dhamara very soon", Paul said.

Talking to media persons after the meeting, Suresh Chandra Mohapatra, secretary, commerce and transport department, said, the company has made good progress in the field and the MoU will be signed within a month.

The land acquisition process for the shipyard project has started and survey for the government land is going on.

Once the survey is over, the government land will be alloted to the company.

Similarly, the notifications under section 6 (1) of the Land act has been issued for the acquisition of private land.The company has sought 1050 acres of land from the state government.

The project will be implemented in three phases and the Orissa government is likely to benefit to the tune of Rs 3,700 crore over next 25-30 years in the form of taxes and duties. It is projected to generate direct and indirect employment opportunities for about 51,300 persons when fully commissioned.

The company has indicated the Orissa government to complete all phases of the project within 72 months.

The State Level Single Window Clearance Authority (SLSWCA) in its meeting last week cleared another proposal put forth by Oceanic Shipyard Limited (OSL) for manufacturing of offshore oil rig machines, support vessel, maintenance and repair facility in Dhamra in Bhadrakh district.

The company has proposed to invest about Rs 900 crore for this project.

While it has sought 950 acres of land from the government, the project is expected to generate employment opportunity for about 7,500 persons.

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