Speaking at The Hindu Infrastructure Conclave in Maharashtra, Chairman and Managing Director Captain Jagmohan (Retd.) said that one direct job at Mazagon Dock Shipbuilders Limited generates 6.4 jobs across India. He cited Project 17A frigate as a live example, where 4,500 MDL workers support nearly 28,000 positions in ancillary industries.

The Maritime Amrit Kaal Vision (MAKV) 2047 aims to place India among the top five shipbuilding countries by 2047, with an annual capacity of 4.5 million gross tonnage and an expected investment of ₹4.5 lakh crore.

Captain Jagmohan noted that the Union Cabinet’s September 2025 package of ₹69,725 crore - comprising the Shipbuilding Financial Assistance Scheme (₹24,736 crore), Maritime Development Fund (₹25,000 crore), Shipbuilding Development Scheme (₹19,989 crore) and Interest Incentivisation Fund (₹5,000 crore) provides a base for this target.

He added that the cluster model includes mega shipbuilding clusters of 1–1.2 million GT each, capital support for breakwaters and dredging, trunk connectivity, and a 10-year land rent holiday where land is not provided at a nominal rate. The government projects 30 lakh jobs under the MAKV package by 2047.

Three targets

Turning to Maharashtra’s role, Captain Jagmohan laid out three requirements for the State.

First, a waterfront site that is contiguous and expandable, aligned with the national shipbuilding cluster policy. Second, a single-window, time‑bound mechanism for environmental and CRZ clearances, with parallel processing and a dedicated task force for mega‑projects. Third, trunk infrastructure, utilities, water, skilling institutions, township support, and an MSME integration plan to bring small and medium firms into the maritime supply chain.

“When these three pieces come together,” he said, “the State does not merely host a project. It creates an industrial future.”