"Thisinitiative, under the ambit of Make in India programme of the government of India, aims at joint design and building small scale LNG Carriers," a release issued by the Cochin Shipyard said today.
The MoU aims to leverage EILs strengths in the process and systems engineering and CSLs strengths in ship design and construction.
This initiative is also in alignment with the Government of India's vision of Sagarmala - a strategic and customer-oriented initiative to modernise India's Ports - and Inland Water Ways Development initiatives.
"The MoU shall create an LNG value chain ecosystem to cater to the coastal and inland water transport segment in the Indian sub- continent," the release said.
The MoUs scope also covers the mutual co-operation for the vendor development, training, certification process of skilled manpower between the organisations.
CSL has also acquired licence for the construction of membrane technology of Gaztransport Technigaz, France, for the cargo containment systems of large LNG vessels.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)