State-owned ship manufacturing company Shalimar Works Ltd today entered into an agreement with Bangladesh shipbuilder Western Marine for manufacturing different types of vessels and watercrafts.
The two companies signed the agreement for formation of a special purpose vehicle to develop freight and passenger transportation along National Waterway I comprising rivers Ganga, Hooghly and Bhagirathi.
West Bengal Transport minister Suvendu Adhikari said "Shalimar Works has made a financial turnaround and is likely to be on the profit-making path soon."
Bangladesh Deputy High Commissioner in Kolkata Toufique Hassan said "the agreement between the two companies is a step towards further deepening of relations between the two countries."
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