Government approves Rs 1,799-crore new dry dock at Cochin Shipyard – Feedback

To augment the shipbuilding and repair capacity of the country, the government today approved construction of a new dry dock at Cochin Shipyard Ltd (CSL) at a cost of Rs 1,799 crore.

“The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has given its approval for construction of a new dry dock within the existing premises of CSL at an estimated cost of Rs 1,799 crore to augment the shipbuilding/ repair capacity of the country,” an official statement said. The objective is to augment the shipbuilding/ ship repair capacity essentially required to tap the market potential of building specialised and technologically advanced large vessels such as Liquefied Natural Gas (LNG) vessels, Indigenous Aircraft Carriers of higher capacity, Jack up Rigs, Drill ships, large Dredgers and repairing of offshore platforms and larger vessels, the statement from the Ministry of Shipping said.

http://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/government-approves-rs-1799-crore-new-dry-dock-at-cochin-shipyard/articleshow/53307911.cms

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