Investment1 Nov 2025, 10:27 am
Prime Minister Announces ₹4,000 Crore Modernization Initiative for Dredging Corporation of India Limited
AI Summary
The Hon’ble Prime Minister Shri Narendra Modi Ji announced a transformative ₹4,000 crore modernization initiative for Dredging Corporation of India Limited (DCIL) during the inauguration of India Maritime Week 2025. The initiative aims to enhance DCIL’s dredging capacity, operational efficiency, and global competitiveness through fleet modernization, technological upgradation, and sustainable practices. The investment will focus on fleet modernization, construction of new dredgers in Indian shipyards, adoption of digital, automation, and green dredging technologies, and skill development.
Key Highlights
- ₹4,000 crore investment in DCIL for modernization
- Fleet modernization and capacity enhancement
- Construction of new dredgers in Indian shipyards
- Adoption of digital, automation, and green dredging technologies
- Skill development and upskilling of technical manpower