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Cochin Shipyard Limited won't be privatised, Minister assures trade union

CSL is building two passenger-cum-cargo ships with 500 passengers and 150-tonne cargo capacity

Press Trust of India  |  Kochi 

Union Minister Pon Radhakrishnan today said the Cochin Shipyard Limited, a leading ship building and ship repairing company in the country, will not be privatised. The minister of state for shipping gave this assurance during an interaction with trade unions and associations of CSL here, a CSL spokesperson said. During the meeting, the unions voiced their concerns about the CSL's Initial Public Offering (IPO) proposal, citing that it is the first step towards privatisation of the yard. The unions also highlighted their concerns regarding the lack of sufficient orders for the ...

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First Published: Tue, June 13 2017. 16:02 IST
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