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Cochin Shipyard Ltd will begin work on its ₹970-crore International Ship Repair Facility on Friday (November 17).
Union Minister for Shipping, Road Transport and Highways Nitin Gadkari will perform the ground breaking ceremony for the ISRF at Cochin Port Trust where CSL has leased out a 40-acre plot for developing the project.
“It will be a red letter day for not only for CSL, but the entire State of Kerala and the nation as a whole since the ship repair facility of global standard is being designed to cater to the needs of ships from across the world,” said Cochin Shipyard Chairman and Managing Director Madhu S Nair.
On completion within two years, Kochi will be a major ship repair hub in India generating an additional employment of around 1500 personnel, Nair said.
ISRF is a ₹ 970 crore project approved by the Government in May 2016. CSL will set up a ship lift system of size 130 m x 25 m with lifting capacity of 6000 tonnes and 6 workstations. The facility can repair up to 85 vessels, and CSL will thereby be almost doubling the number of ships that can be repaired per year.
At Kochi, the Minister will also inaugurate a unique event - Build The Ship – 2017 – being organized by the Ministry of Shipping. The event will deliberate upon the recommendations of a study regarding the growth strategies and the recommendations for promotion of shipbuilding, ship design, ship repair and marine ancillaries in India.
Incorporation of ‘Hooghly Cochin Shipyard Limited’, a joint venture between CSL and HDPEL, an initiative of Shipping Ministry into the shipbuilding and ship repair services for Inland & Coastal Waterways Sector, will also be staged at Build The Ship 2017.
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