SCI To Put In $800 M In Shipyards

Mumbai: Shipping Corporation of India may put in $600 million to $800 million in shipyards, the source said. As per the National Maritime Development Programme, the Government had indicated construction of two shipyards on the east and west coasts. While Ennore Port is responsible for the east coast, Mumbai Port has been entrusted with the responsibility of the west coast shipyard. Looking at a joint venture set-up, SCI is likely to finalise its partner in the next few months.