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Hooghly Dock Restructuring

Ports & Shipping
November 1, 2011November 1, 2011
Hooghly Dock Restructuring
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The Union Cabinet has approved a rehabilitation-cum-restructuring package for the Hooghly Dock & Port Engineers, Kolkata, one of the country's oldest shipyards in the private sector. A private sector player will be selected through an open bidding process to form a joint venture with the shipyard. An amount of Rs 777 crore will be spent on the rehabilitation and restructuring and on such issues as writing off Government of India loans and voluntary retirement schemes.

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