Cochin Shipyard signs MoU with Mumbai Port Trust

For management and operation of ship repair facilities at Mumbai Port Trust

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

As per the terms of the MOU, MbPT and CSL are to to associate with each other for utilizing the Indira Dock facility at Mumbai 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 India.

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

Powered by Capital Market - Live News