ABG Shipyard, country’s largest private shipbuilder, is likely to spend Rs 5,000 crore in Gujarat to develop the state’s coastline. The company has decided to build a green-field shipyard in three phases for which it has submitted its proposal to the state government during the on-going Vibrant Gujarat Global Investors Summit 2013.
This will be ABG Shipyard’s third facility in Gujarat and is expected to generate employment for about 4,500 people. It has also planned to expand its facilities at Dahej and Magdalla in three phases, with an estimated investment of Rs 2,000 crore.
