India Set to Commit USD588M to Expand Naval Capabilities
(MENAFN) India is set to pour up to $588 million into expanding its naval shipbuilding capabilities in Mumbai, according to media, which cites unnamed sources familiar with the development.
The government-owned Mazagon Dock Shipbuilders Limited (MDL) plans to reclaim 10 acres of adjacent marine space near its current Mumbai site to construct two new basins. These additions would enable the simultaneous building and repair of large warships and submarines, significantly enhancing MDL’s operational capacity.
The move is aimed at addressing the Indian Navy’s rising demand for sophisticated naval platforms, the report said. This infrastructure upgrade will also allow MDL to double its deadweight handling capacity—from the current 40,000 tons to 80,000 tons. Deadweight handling capacity measures the maximum weight a vessel can carry, excluding the vessel's own weight.
In addition, MDL has secured a 29-year lease for 15 acres of land, where it has already initiated shipbuilding operations. The facility currently has the capacity to simultaneously build 11 submarines and 10 warships, a figure that is likely to rise as the shipyard works on two key submarine programs for the Indian Navy.
The Mumbai shipyard expansion is seen as vital to the Navy’s broader strategy to scale its fleet to 175 ships and reach full indigenization of its defense production by 2047.
Earlier this month, Andrey Puchkov, CEO of Russia’s largest shipbuilding conglomerate, United Shipbuilding Corporation, indicated the firm’s willingness to participate in India’s defense indigenization efforts.
India is currently building Triput-class frigates at the Goa Shipyard with technology transfer and design support from Russia.
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