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Cochin Shipyard mulls cautious expansion, to grow ship repair business

air said India should do much more of ship repair, given the country's location and good-quality manpower.

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Aditi Divekar Mumbai
Amid the not-so-good business climate for ship building, state-owned Cochin Shipyard has prepared a cautiously sizable growth plan. 

Expansion of the repair business, foray into the volume-based business of fishing boats, and eyeing Indian Navy projects and the private tourism sector are some.

“We are looking to up our ship repair turnover and have moved into profit sharing agreements with both Mumbai and Kolkata port trusts. We see an additional revenue of Rs 70-80 crore from Mumbai alone in FY20 itself. In the next two years, our revenue from the Mumbai port alone should be above Rs 200 crore,” Madhu

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First Published: Jan 29 2020 | 2:22 AM IST

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