Home » News » Infrastructure » Gadkari lays foundation stone for International Ship Repair Facility at Cochin

Gadkari lays foundation stone for International Ship Repair Facility at Cochin

17 Nov 2017, Cochin: The Minister of Shipping, Road Transport & Highways and Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari has said that Cochin is all set to become a global ship repair hub. He was speaking at Cochin, after laying the foundation stone for a Rs 970-crore International Ship Repair Facility (ISRF) for Cochin Shipyard Limited. The facility is being built at Cochin Port Trust where CSL has leased out a 40-acre plot for the project.

The International Ship Repair facility will be a State of the Art facility that can handle a major chunk of small and medium sized vessels plying in India. CSL will set up a ship lift system of size 130 m x 25 m with lifting capacity of 6000 tonnes and 6 work stations. The facility can repair up to 85 vessels, and CSL will thereby be almost doubling the number of ships that can be repaired every year.

Pointing out that this facility will help boost India’s share in commercial ship repair market, Gadkari said that the industry will also generate about 6000 direct and indirect jobs, besides giving rise to a number of ancillary industries in the state, thus having a multiplier effect on employment and economy. He also inaugurated the conference ‘Build The Ship – 2017’ organized by the Ministry of Shipping in Cochin today.  The event deliberated upon  the recommendations of a study regarding the growth strategies  for promotion of Shipbuilding, Ship Design, Ship Repair and Marine Ancillaries in India.

At the conference the Minister  announced the start of Center of Excellence in Maritime and Shipbuilding (CEMS), a start up in skill development for maritime and shipbuilding sector. CEMS will have campuses at Vishakhapatnam and Mumbai. It is being set up by the Ministry of Shipping in collaboration  with  Siemens under the flagship programme Sagarmala. CEMS will provide industry-relevant skill development, equip students with employable engineering and technical skills in the port and maritime sector and contribute to the Government of India’s ambitious Sagarmala programme. It will help meet the domestic skill requirement in ship design, manufacturing, operating and Maintenance, Repair and Overhaul (MRO) and  aims to become an international nodal centre in South Asia, attracting students from neighboring countries like Sri Lanka, Bangladesh, Thailand, Malaysia and Indonesia for skill development in the Port and Maritime sector. This initiative will also add to the Make in India and Skill India efforts in the maritime sector. Gadkari unveiled the logo of CEMS at the launch event in Cochin today.

A joint venture b/w CSL & HDPEL – Hooghly Cochin Shipyard Ltd. (HCSL) has been incorporated with CSL 74% and HDPEL 26% shares in HCSL. A Shareholders agreement was signed between CSL and HDEPL at the conference today, for taking over manufacturing facilities of HDEPL in Kolkata. With this, CSL is setting the stage for revival and strengthening of maritime heritage in Kolkata.

Gadkari also visited Munnar today, where he laid the foundation stone for rehabilitation and upgradation of NH 85 from Bodimettu to Munnar to two laned with paved shoulder. The 42 km project has an estimated cost of Rs 380.76 Crores.

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

ChipIN, the one-stop centre for chip designers across the country, gets fillip with support from semiconductor industry leaders

“This is a huge opportunity for current and budding entrepreneurs from Trivandrum and Kerala, to ...

Make in India not only for India but for the world: Power and New & Renewable Energy Minister Shri R. K. Singh exhorts manufacturing industry

The Union Minister for Power and New & Renewable Energy Shri R. K. Singh has ...

Measures by Government shall lead to three-fold increase in Natural Gas consumption by 2030: Petroleum Minister Hardeep S Puri

In a significant stride towards achieving 100% coverage of country’s area for the development of ...

Historical Coal Production growth: Cheaper and Assured Availability

Our country is endowed with 5th largest geological reserves of coal.  We are 2nd largest consumers of ...

Coal Production and Dispatch from Captive and Commercial Mines Goes up by 27% and 29% respectively during Current Fiscal upto February 2024

There is month on month (m-o-m) and year-on-year (yoy) increase in coal production and dispatch ...

Shri Dharmendra Pradhan launches Project ODISERV

Union Minister of Education and Skill Development & Entrepreneurship, Shri Dharmendra Pradhan, launched Project ODISERV ...

Indian Railways achieve 1434.03 MT freight loading till February, 2024

On cumulative basis from April 2023 – February 2024, freight loading of 1434.01 MT was ...

Government amends Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 to ensure optimum utilization of available power generating capacity

The Government of India has amended the Electricity (Late Payment Surcharge and Related Matters) Rules of ...

Financial Intelligence Unit-India (FIU-IND) imposes penalty of Rs. 5,49,00,000 on Paytm Payments Bank Ltd with reference to violations of its obligations under PMLA

The Financial Intelligence Unit-India (FIU-IND), in furtherance of the powers conferred upon the Director FIU-IND ...

13.80% Compounded Annual Growth rate of revenue from Coal Mining during 2014-2023

Coal mining sector has proved to be a big booster for economic growth of the ...

WP2Social Auto Publish Powered By : XYZScripts.com