<p data-path-to-node="5"><span class="">Marking a major milestone for Kerala's coastal infrastructure,</span><span class=""> the new shipbuilding facility at Ponnani Port is scheduled to commence operations in August 2026.</span><span class=""> Established under a Public-Private Partnership (PPP) model between the Kerala Maritime Board and Hyderabad-based Travancore Precision Components,</span><span class=""> the 29-acre yard will function as Kerala's second major shipbuilding center after Cochin Shipyard.</span><span class=""> Operations will be managed by its maritime subsidiary,</span><span class=""> Blue Gen Marine.</span></p><p data-path-to-node="6"><span class="">Demonstrating strong commercial momentum prior to its operational launch,</span><span class=""> the shipyard has already secured its first major international contract a </span><b data-path-to-node="6" data-index-in-node="148" class="">₹200 crore order</b><span class=""> from a Singapore-based firm to construct two high-capacity electric tugboats powered by 4,</span><span class="">200 kWh battery systems.</span></p><h3 data-path-to-node="8" class=""><b data-path-to-node="8" data-index-in-node="0">Phase-Wise Construction, Financial Framework, and Operational Roadmap</b></h3><p data-path-to-node="9"><span class="">The development layout combines state incentive structures with structured,</span><span class=""> phase-wise infrastructure scaling:</span></p><ul data-path-to-node="10"><li><p data-path-to-node="10,0,0"><b data-path-to-node="10,0,0" data-index-in-node="0" class="">Phase I Capacity Targets:</b><span class=""> The initial operational phase focuses on building coastal vessels,</span><span class=""> offshore support craft,</span><span class=""> and advanced fishing boats up to </span><b data-path-to-node="10,0,0" data-index-in-node="150" class="">50 meters in length</b><span class="">,</span><span class=""> with the first completed vessel expected to launch by December 2027.</span></p></li><li><p data-path-to-node="10,1,0"><b data-path-to-node="10,1,0" data-index-in-node="0" class="">Phase II Scaling:</b><span class=""> In the second phase,</span><span class=""> the facility’s capacity will be expanded to construct larger commercial vessels measuring up to </span><b data-path-to-node="10,1,0" data-index-in-node="135" class="">120 meters</b><span class="">,</span><span class=""> supported by a long-term investment pipeline scaling up to ₹1,</span><span class="">000 crore.</span></p></li><li><p data-path-to-node="10,2,0"><b data-path-to-node="10,2,0" data-index-in-node="0" class="">State Support &amp; Revenue Sharing:</b><span class=""> Under the PPP agreement,</span><span class=""> the Kerala government will lease the land at an annual rent of ₹25 lakh (with a 5% annual escalation) and provide an annual support fund of ₹1.</span>5 crore. In return, the operator will share a progressive revenue percentage with the state starting at 0.5% of order value in the first two years, rising to 1.5% in later years.</p></li><li><p data-path-to-node="10,3,0"><b data-path-to-node="10,3,0" data-index-in-node="0">Regional Industrial Impact:</b> The project is projected to generate over 1,000 direct and indirect jobs across ship design, fabrication, and marine engineering, giving a significant boost to the Malabar region's maritime economy.</p></li></ul>