Following is from a report in Pioneer.

The State is all set to have a shipbuilding factory at Charidiha near Dhamara in Bhadrak. It will be the first such private sector venture in eastern India.

The Apeejay Surrendra Group and Bharati Shipyard Limited would set up the ultra-modern ship-manufacturing factory jointly with an investment of Rs 2,200 crore. In the first phase, Rs 900 crore will be invested in the project.

Chairman and Managing Director of Surrendra Group Karan Paul and Managing Director of Bharati Shipyard Limited Bijaya Kumar on Friday called on Chief Minister Naveen Patnaik at the State Secretariat and discussed about the implementation of the project. Discussions were mainly held on the land acquisition process and other necessary clearance needed for the project. As per the provision, the work for the shipyard project will commence from January 2009 and would be completed by 2011.

The factory will have both ship-manufacturing as well as repairing facilities. The project would create job opportunity for 41,000 people directly and indirectly. 7,000 people would directly avail job opportunities in the shipbuilding factory. The State Government would get revenue to the tune of Rs 20 crore per annum from the project.

The oil rig factory would come up with the help of Oceanic Shipyard Limited, a joint venture of both Apeejay Surrendra Group and Bharati Shipyard Limited. It would be completed in three phases. The growth taking place in the steel sector in State would be of great helping for the shipbuilding factory, Government officials said.

In the first phase, 75,000 tonne of steel will be used for establishing the ship making factory. In the second phase, the project will require 2,30,000 tonne of steel, and 4,50,000 tonne in the third phase.

The company is planning to set up an industrial training centre at Dhamara area to train its prospective employees. The Apeejay Surrendra Group has also expressed its willingness to set up a research and design centre and a Knowledge Park at Bhubaneswar.