The Cochin shipyard Ltd (CSL) has plans to develop a major hub of LNG-based ship building and repair facility that would generate about 3, 000 jobs in the State of Kerala, the Hindu quotes Madhu S. Nair, Chairman and Managing Director of Cochin Shipyard Ltd, as saying.
Madhu said that the Indian maritime industry has been lagging behind the global trends due to lack of maritime engineering policies adopted by the sector.
He said the Cochin shipyard is keenly looking forward to transforming into a viable ship repair centre.
He called on the Department of Ship Technology at Cochin University of Science and Technology alumni and the future graduates of the Ship Technology Department should transform the challenges faced by the present-day crisis in the maritime industry into opportunities by coming out with innovations.
CSL has recently signed a memorandum of understanding with the government of India for the financial year 2016-17, which will enable it to pursue two major expansion projects involving total investment of Rs2800 crore.
CSL is proceeding with two major expansion projects, including an international ship repair facility based on a 6,000 tonne ship lift and allied transfer facilities to be set up in 42 acres of land leased from Cochin Port Trust
When commissioned, this facility will help the yard substantially increase its ship repair capacities and position Kochi as a major ship repair hub.
A new Large Dry Dock of 310x 75/60 m size will be constructed within CSL's premises in Kochi, which will provide the yard the capability to build large modern vessels like LNG vessels, large aircraft carriers etc in addition to undertaking repairs/ construction of jack up rigs, semi submersibles etc. Government approval has been accorded for both the projects.