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2007 September 19   07:21

APJ Bharti and Essar plan to build shipyards in West Bengal

Shipbuilding companies APJ Bharti Shipyard and Essar have expressed interest in setting up two shipyards in West Bengal.
Principal industry secretary Sabyasachi Sen told media that the representatives of the two companies had made presentations to the state government in this regard.
Each shipyard would require around 400 acres of land, he said, adding that the companies had been asked to identify the plots.
The companies had been also asked to submit rehabilitation packages for the land losers, Sen said. He said that the approximate investment for the APJ Bharti project would be around Rs 2,000 crore.
Essar, however, was yet to submit the financial details. Sen said that the companies would have to directly purchase the required land and the state government would facilitate the process.

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