| Cochin Shipyard Limited and UAE-based Drydocks World have entered into a 50:50 joint venture to operate and expand the International Ship Repair Facility in Kochi, Kerala.
Key Highlights:
- Both partners will hold an equal 50% stake.
- Each company will invest ₹900 crore.
- The partnership will strengthen India’s ship-repair and maritime services sector.
- Cochin Shipyard will contribute its shipbuilding, repair, and engineering capabilities.
- Drydocks World will bring international expertise in vessel repair, maintenance and offshore engineering.
- The project builds on an earlier cooperation agreement between the two companies.
- The initiative can improve India’s position in the international ship-repair market.
- Cochin Shipyard is a Miniratna public sector enterprise under the Ministry of Ports, Shipping and Waterways.
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