New Delhi, Aug. 18 -- The Centre is looking at an investment of Rs.75,000 crore in the three brand-new shipyards planned along its east and west coasts, as it targets to make India a global hub for shipbuilding. The investment will be made over four to five years, with the yards capable of making and repairing ships.

"The government is seeking to set up three greenfield shipbuilding clusters and support the existing shipyards carry out brownfield expansion. Overall, the government is targeting about Rs.25,000 crore investment per greenfield cluster, which may be subject to significant changes based on the final locations and the shipyard sizes," the Union ports ministry said in response to a query.

Five states are in talks with local an...