The first Special Purpose Vehicle (SPV) under the Government of India’s Shipbuilding Development Scheme has been formed in which state?

Question

The first Special Purpose Vehicle (SPV) under India’s Shipbuilding Development Scheme (SbDS) has been formed: National Shipbuilding & Heavy Industries Park, Tamil Nadu (NSHIP, TN). It is a 50:50 Joint Venture between VOC Port (GoI) and SIPCOT (State Industries Promotion Corporation of Tamil Nadu). The Special Purpose Vehicle (SPV) will create a roadmap for the Thoothukudi Greenfield Shipbuilding Cluster, access central funding, enable digital and technical infrastructure, and strengthen Centre–State–industry collaboration with global partners.

GKToday Admin · Accepted Answer

Tamil Nadu The first Special Purpose Vehicle (SPV) under India’s Shipbuilding Development Scheme (SbDS) has been formed: National Shipbuilding & Heavy Industries Park, Tamil Nadu (NSHIP, TN). It is a 50:50 Joint Venture between VOC Port (GoI) and SIPCOT (State Industries Promotion Corporation of Tamil Nadu). The Special Purpose Vehicle (SPV) will create a roadmap for the Thoothukudi Greenfield Shipbuilding Cluster, access central funding, enable digital and technical infrastructure, and strengthen Centre–State–industry collaboration with global partners.

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