With this Cochin Shipyard will be able to build specialized and technologically advanced large vessels He will also lay the foundation stone for three national highways projects in Kerala, costing Rs 1557 Crore.
CSL and USC to collaborate for development of specialized vessels for Inland and Coastal shipping.
Cochin Shipyard under the Ministry of Shipping was listed in Bombay Stock Exchange and National Stock Exchange on 11 August 2017.
CSL is constructing four passenger-cum – cargo vessels for Andaman & Nicobar Administration under the ‘Make in India’ initiative of Government of India.
The Expansion, modernization and upgradation of shipping infrastructure in the country is an on-going process to keep the ports abreast with new technologies and also to promote trade and cargo.
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for construction of a new dry dock within the existing premises of Cochin Shipyard Limited (CSL) at an estimated cost of Rs.1799 crore to augment the shipbuilding / repair capacity of the country.