The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has approved an advanced Ship Repair Facility in Vadinar, Gujarat, with a ₹1,570 crore investment. This initiative aims to enhance India’s ship repair capabilities, create around 290 direct jobs, and support regional economic growth, aligning with Maritime India Vision 2030.
PaxOcean, part of the Kuok Maritime Group, has inaugurated a S$200 million shipyard in Singapore’s Jurong Industrial Estate. Spanning 17.26 hectares, the facility features two large graving docks and a floating dock, enhancing project efficiency. Over the next three years, PaxOcean will invest S$3.5 million in R&D for sustainable maritime solutions.
Cochin Shipyard Limited (CSL) is poised to launch three advanced vessels, showcasing its expertise in naval defence and sustainability. Notable among them is the Anti-Submarine Warfare Shallow Water Craft for the Indian Navy, alongside a Hybrid Electric Methanol-Ready Commissioning Service Operation Vessel and the DCI Dredge Godavari, India’s largest dredger.
