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Cochin Shipyard signs MoU with Mumbai Port Trust

Capital Market 

For management and operation of ship repair facilities at Port Trust

Shipyard (CSL) signed an MOU today with Port (MbPT) for management and operation of the Shiprepair Facilities at Port

As per the terms of the MOU, MbPT and CSL are to to associate with each other for utilizing the facility at Port to set up a Professional Ship Repair Eco system, that would be beneficial for the commercial as well as Defence Ship Repair Industry in

The MOU also provides for expansion of the Ship repair capacity within the Indira Dock, that may include setting up of a Floating Drydock (FDD) and upgrading existing facility at HDD thereby enhancing the existing Ship repair Capacity in Area.

This would serve the increasing Ship Repair demands in area, being one of the key port of that connect internationally.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 14:05 IST
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