Ship yards Cochin Shipyard Limited (CSL) and Joint Stock Company United Shipbuilding Corporation (USC) have Russia signed a Memorandum of Understanding (MoU) to collaborate and engage in the design, development and execution of modern vessels for India’s inland and coastal waterways.
CSL & USC will collaborate for development of High-Speed Vessels, RiverSea Cargo Vessels, Passenger Vessels, Dredgers, and other watercrafts for Indian Waterways and coastal shipping.
The push to water based transport through the infrastructure development efforts under India’s SAGARMALA program of 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.
“There is a huge potential in inland waterways, cruise tourism and RO-RO transportation in the country,” said Shri Nitin Gadkari, Minister for Road Transport & Highways, Shipping & Water Resources, River Development & Ganga Rejuvenation, Govt. of India.
“This collaboration would certainly bring in the much needed product as well as market innovation while harnessing newer technologies.”
Published: 6 February, 2018
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