MUMBAI : The Mumbai Port Authority and the Government of Maharashtra have agreed to form a 50:50 special purpose vehicle (SPV) to develop a greenfield shipbuilding cluster, marking a significant push to strengthen India’s Maritime Manufacturing ecosystem.The proposed SPV will spearhead the planning, development and execution of the integrated shipbuilding cluster, which is expected to include shipyards, repair facilities, ancillary units, testing infrastructure and common utilities.The project aims to position Maharashtra as a key hub for shipbuilding, ship repair and allied marine industries.According to officials, the cluster will be developed with a focus on modern . . .