Company officials had long discussion with Goa Chief Minister Laxmikant Parsekar yesterday after which they announced that WISL would recommence the operations.
"There is a big downturn in the ship building industry. Under such situation, we want to play a role in boosting the industry. We are serious in continuing our ship building unit here," Sayyad Abdi, managing director and CEO, ABG Shipyard Ltd told reporters yesterday.
ABG has 60 per cent stake in Western India Shipyard.
Abdi said the company's current lease with Mormugao Port Trust (MPT) expires this month, but it will be extended further.
The issue of WISL was raisedduring the ongoing Goa Assembly session wherein legislators, including Leader of Opposition Pratapsingh Rane and Independent MLA Vijai Sardessai, questioned about job security of 350 workers in the shipyard.
Earlier, addressing the issue on the floor of the House, Parsekar promised that government will put in all efforts to help the workers.
"My government is not anti-worker. We are very much concerned about the working class. I agree, as per law, state cannot intervene in the matter but at the same time we are looking out for some solution outside our jurisdiction. I assure the House that the interest of the workers will be protected," he had said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
