Cochin Ship­yard signs MoU with Rus­sian firm

The MoU aims to im­prove ca­pac­i­ties at Cochin Ship­yard for con­struc­tion of high-tech­nol­ogy ves­sels for wa­ter­ways and coastal ship­ping. This col­lab­o­ra­tion would bring in mar­ket in­no­va­tion while har­ness­ing newer tech­nolo­gies.

Cargo Talk - - Shipping -

Cochin Ship­yard & United Ship­build­ing Cor­po­ra­tion, Rus­sia, has signed a Mem­o­ran­dum of Un­der­stand­ing (MoU) to col­lab­o­rate and en­gage in de­sign, de­vel­op­ment and ex­e­cu­tion of con­tem­po­rary, state-of-the-art ves­sels for in­land and coastal wa­ter­ways. The MoU was signed by Madhu S Nair, Chair­man & Man­ag­ing Di­rec­tor, Cochin Ship­yard and Alexey Rakhmanov, Pres­i­dent, United Ship­build­ing Cor­po­ra­tion, in the pres­ence of Nitin Gad­kari, Min­is­ter for Road Trans­port & High­ways, Ship­ping & Wa­ter Re­sources, River De­vel­op­ment & Ganga Re­ju­ve­na­tion, Gov­ern­ment of In­dia. “There is a huge po­ten­tial in in­land wa­ter­ways, cruise tourism and RORO trans­porta­tion in the coun­try. This col­lab­o­ra­tion would cer­tainly bring in the much-needed prod­uct as well as mar­ket in­no­va­tion while har­ness­ing newer tech­nolo­gies.” said Gad­kari. The mas­sive push to wa­ter­based trans­port through the in­fra­struc­ture de­vel­op­ment ef­forts un­der the Sa­gar­mala pro­gramme of gov­ern­ment will open up op­por­tu­ni­ties for spe­cialised ves­sels. The MoU is an ef­fort to get ready to cater to the de­mand for dif­fer­ent kinds of ves­sels that is ex­pected in the near and medium term. The MoU will open more av­enues and give way to wider par­tic­i­pa­tion of th­ese or­gan­i­sa­tions in the pro­gramme of the Gov­ern­ment of In­dia to boost eco-friendly and eco­nomic trans­porta­tion and give im­pe­tus to trade along In­dia’s In­land wa­ter­ways un­der Sa­gar­mala and ‘Make-in-In­dia’ pro­grammes. CSL & USC will col­lab­o­rate for de­vel­op­ment of High­Speed Ves­sels, River-Sea Cargo Ves­sels, Pas­sen­ger Ves­sels, Dredgers, and other wa­ter­crafts for In­dian Wa­ter­ways and coastal ship­ping. This will cap­ture the growth and em­ploy­ment op­por­tu­ni­ties that will open up from the de­vel­op­ment of in­land wa­ter­ways and coastal ship­ping.

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