Bullish on inland waterways, CSL plans JV with Hooghly Dock to tap segment

CSL is also planning to create a new vertical, leveraging its strengths as the leading shipbuilder and ship repairer in India

In order to create space in the inland water transport (IWT) sector, Cochin Shipyard Ltd (CSL), which recently went public, is planning to form a joint venture (JV) with Hooghly Dock and Port Engineers to take over the facilities in Salkia and Nazirgunge.

While CSL's chairman and management did not respond to Business Standard's query, the company's annual report showed that it is of the view that the IWT sector holds enormous potential. It is also planning to create a new vertical, leveraging its strengths as the leading shipbuilder and ship repairer in India.

However, the IWT sector is a very different