Goa based Chowgule Group has started its Rs. 1,000 crore project work after it commenced the construction of its multi-cargo port in June last year. Jaigad port which is situated on the Konkan coast, 110 nautical miles south of Mumbai is expected to function completely by March 2012. The project will be funded on 70:30 debt-equity ratios, out of which the debt portion has already been tied-up.