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Bharati Shipyard, Apeejay in ship-building JV

BS Reporter  |  Bhubaneswar 

Bharati Shipyard and the Apeejay Surendra group have proposed to set up a ship manufacturing unit in Orissa. The company has identified Dhamara in Bhadrakh district as the location for the project.
An estimated Rs 2,200 crore is proposed to be invested in the project. It will be developed in three phases as a joint venture between the two Around 1,050 acres will be required for setting up the ship manufacturing and repairs unit.
The steel requirement for the plant is estimate at 75,000 metric tonne per annum during the first phase, 2,30,000 metric tonne during the second phase and 4 metric lakh tonne during the third phase.
"The plan is in the preliminary stage of discussion and nothing has firmed up yet," said Orissa Industry secretary Ashok Dalwai.
More than 40,000 persons are likely to get direct and indirect employment under the project.
According to a projection, during the first phase 2,250 persons will be directly employed. Similarly, about 7,300 persons are likely to get employment during the second phase.
While 9,000 persons are likely to be benefited by indirect employment in the first phase, about 20,000 persons are likely to get indirect employment during the second phase. In total, about 41,000 persons are likely to get direct and indirect employment.
Steel, the main ingredient for ship building, will be easily available in the vicinity of Dhamara.

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First Published: Thu, September 27 2007. 00:00 IST