Prime Minister Narendra Modi introduced ₹4000 crore funding for modernisation of Dredging Company of India Restricted through the current inauguration of India Maritime Week 2025 at Mumbai, based on an official communication by the corporate right here on Friday.

The ₹4,000 crore funding will concentrate on fleet modernisation and capability enhancement to strengthen India’s dredging infrastructure.

Talking on the event, Chairman Dredging Company of India Restricted and Chairperson of the Visakhapatnam Port Authority and Mumbai Port M. Angamuthu, expressed gratitude to Prime Minister and the Ministry for his or her visionary assist.

Managing Director & CEO of the DCIL S. Divakar added DCI’s present dredging capability is predicated on a fleet primarily consisting of 10 Trailer Suction Hopper Dredgers (TSHDs) with a mixed hopper capability of roughly 60,000 cubic metres. This fleet allows dealing with of roughly 50-60 million cubic metres of dredging yearly, accounting for practically 55% of India’s whole dredging requirement of round 110- 120 million cubic metres per yr.

Approval of Ministry was already given for procurement three new TSHDs out of which DCI has already positioned the order for one 12000 CuM TSHD – DCI Dredge Godavari in March 2022. The vessel was launched just lately and is anticipated to be delivered in July 2026 to DCI in Visakhapatnam.

The DCI will place the order for an additional 12000 CuM TSHD in subsequent few months and order for an additional dredger would observe subsequently. Additional, DCI additionally plans to obtain one Cutter Suction Dredger, a water injection dredger one other TSHD of decrease capability to do shallow draft dredging and likewise six beavers dredgers of various capacities for dredging in inland waterways/ canals and so forth.

The overall funding for procurement of those 11 dredgers and different initiatives is ₹4000 crore, and would allow DCI would place its foot firmly not solely within the upkeep dredging market which it’s already main in India but additionally in Capital dredging, mentioned DCI CEO.

DCIL operates beneath a consortium of 4 main ports — Visakhapatnam Port Authority (VPA), Paradip Port Authority (PPA), Jawaharlal Nehru Port Authority (JNPA), and Deendayal Port Authority (DPA) — functioning beneath Ministry of Ports, Transport & Waterways (MoPSW).