For modernisation of shipbuilding infrastructure of two shipyards in Kolkata
Cochin Shipyard announced that the Ministry of Shipping, Government of India vide letter No. SY-11018/1/2010- HDPE dated 29 March 2017 had approved formation of Joint Venture Company between Cochin Shipyard and Hooghly Dock & Port Engineers for upgradation and modernization of shipbuilding infrastructure at the two shipyard sites of Salkia and Nazirgunge in Kolkata.Accordingly, a Joint Venture Company has been incorporated today in the name of Hooghly Cochin Shipyard. Cochin Shipyard and Hooghly Dock & Port Engineers will have 76% and 24% stake in the Company respectively.
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