Thoothukudi to get 38,000 cr shipyard, 15,000 jobs expected
Thoothukudi (also known as Pearl City) is about to get a major upgrade: a massive new shipyard is coming that could turn the city into a maritime-manufacturing hotspot.
With an investment of about ₹38,000 crore and 15,000 jobs expected, this project aims to boost the local economy in a big way.
HD KSOE MOU, rehabilitation planned
The deal was sealed with an MOU between HD Korea Shipbuilding & Offshore Engineering Co Ltd (HD KSOE) and Indian partners, setting things in motion.
While the project brings lots of opportunities, it will impact around 1,700 acres of land that has been identified.
The government says it is planning rehabilitation support (such as new housing sites, skill development and vocational training for salt-pan laborers, and support for fishing boats and outboard motors for fishing families, and alternative spots for salt production) to help those affected by the change.