Drydocks World has signed a Memorandum of Understanding (MoU) with Cochin Shipyard Limited (CSL) to develop ship repair clusters in India. The MoU aims to bring global best practices to the ship repair ecosystem in the country and add significant capacities. The collaboration also provides for cooperation in offshore fabrication opportunities, engaging other entities like major ports.
The collaboration will be essential to modernising India’s marine infrastructure, growing the ship repair sector, and creating new job opportunities. The businesses will jointly explore setting up world-class ship repair clusters in Kochi and Vadinar, aligning with India’s Maritime Vision 2030 and 2047 goals.
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Expanding partnerships
Drydocks World and Cochin Shipyard Limited will collaborate with government agencies, including major ports, to enhance ship maintenance and offshore fabrication capacities. They also plan to expand cooperation into related fields such as offshore fabrication, maritime engineering, and strategic infrastructure development.
A shared vision for growth
Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World, said: “Our commitment to supporting the Government’s Maritime India Vision 2030 to build a robust maritime sector is unwavering. This partnership with Cochin Shipyard Limited will accelerate the development of innovative ship repair and fabrication facilities, playing an important role in achieving this goal.”
Madhu S. Nair, Chairman and Managing Director, Cochin Shipyard Limited, said, “It is a proud moment as we join hands with Drydocks World to take ship repair and conversions in India to the next level.”
Maritime future
It is anticipated that this collaboration will greatly advance India’s maritime industry and establish the nation as a world leader. Through the integration of Drydocks World and Cochin Shipyard Limited’s technical know-how and business acumen, the partnership will enhance India’s standing as a centre for maritime engineering and independence under the “Atmanirbhar Bharat” programme.
