Cochin Shipyard Ltd and Drydocks World, a DP World company, has signed a memorandum of understanding (MoU) for developing ship repair clusters, the state-run shipbuilder has said.
The two companies will jointly evaluate opportunities for developing ship repair clusters in Kochi (Kerala) and Vadinar (Gujarat) to create world-class maintenance and repair facilities.
The two partners will engage with government entities such as major ports to enhance ship repair and offshore fabrication capabilities.
It will also look at expanding collaboration into related areas such as offshore fabrication, marine engineering, and strategic infrastructure projects.
The MoU is expected to bring global best practices to the ship repair ecosystem in the country and add significant capacities.
By fostering cooperation between Cochin Shipyard Ltd and Drydocks World, the partnership will play a crucial role in modernising India’s maritime infrastructure, expanding the ship repair industry and generating new employment opportunities, it said.