Kolkata, April 6 Titagarh Naval Systems Ltd (TNSL) announced on Monday that it has received in-principle approval from the Union Ministry of Ports, Shipping and Waterways for its brownfield expansion project in Falta, West Bengal.
The proposed expansion project, under the Centre’s Shipbuilding Development Scheme, involves an investment of approximately ₹610 crore and aims to strengthen shipbuilding and maritime manufacturing capabilities in the country, according to a regulatory filing.
Under the scheme, the government provides capital assistance of around ₹129 crore towards eligible plant and machinery, subject to compliance with guidelines.
The expansion is expected to enhance the shipyard's infrastructure and technological capabilities, enabling it to meet the shipbuilding requirements for defence, commercial, and export-oriented sectors, while also supporting India's ambitions in the global maritime sector.
Vice Chairman and MD of Titagarh Rail Systems, Umesh Chowdhary, said the approval reflects the government's commitment to strengthening the domestic shipbuilding ecosystem.
"This in-principle approval is a strong endorsement towards building a self-reliant and globally competitive maritime nation," Chowdhary said.
He said the proposed expansion would help develop a state-of-the-art shipyard in West Bengal, contributing to defence indigenisation and catering to both domestic and global shipbuilding requirements.
The project is also expected to reinforce West Bengal's position as a rising hub for advanced maritime manufacturing, the company said.