Madhu Nair, the Chairman and Managing Director of Cochin Shipyard, announced that the company’s current order book totals approximately ₹20,000 crore, with nearly half of this amount originating from the merchant vessel sector. He emphasized the substantial investments made in infrastructure, including a new dry dock and an international ship repair facility, which were completed last year at a cost of around ₹3,000 crore.
Looking ahead, Nair expressed the company’s commitment to further enhancing its core infrastructure. He revealed plans to bolster Cochin Shipyard’s presence along both the east and west coasts of India. Notably, the company is collaborating with the Deendayal Port Authority in Gujarat to establish a new ship repair ecosystem.
During this year’s Maritime Week, Cochin Shipyard signed eight Memorandums of Understanding (MoUs) in various sectors. Key partnerships include agreements with HD KSOE from Korea for shipbuilding collaboration and Drydocks World from Dubai for ship repair initiatives. Additionally, an MoU with the Deendayal Port Authority aims to develop the ship repair ecosystem, while another with Cochin Port Authority focuses on land development for a new fabrication facility.
These strategic partnerships are designed to enhance Cochin Shipyard’s capabilities in both shipbuilding and repair operations.
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