The National Shipbuilding and Heavy Industries Park Odisha Ltd (NSHIPOL) has received in-principle approval to establish a shipbuilding and heavy industries cluster in Kendrapara, Odisha, with a projected investment of ₹24,700 crore.
The approval was granted under the Shipbuilding Development Scheme (SbDS) of the Ministry of Ports, Shipping and Waterways (MoPSW). The project will be implemented through a Special Purpose Vehicle (SPV) comprising the Odisha Maritime Board (OMB) and the Paradip Port Authority (PPA).