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India’s share in global shipbuilding to increase 2 pc with the commissioning of the new dry dock at Cochin shipyard says shipping Minister Gadkari

India’s  share in global ship building will increase to  2 per cent  with the commissioning of the Cochin Shipyard’s new dry dock, Shipping Minister Mr Nitin Gadkari said while laying the foundation for India’s largest dry dock at Cochin Shipyard, along with Kerala Chief Minister Mr Pinarayi Vijayan on October 31st.

At present, India occupies 0.66 per cent share in the global shipbuilding market. The commercial shipbuilding industry in the country is worth Rs 3,200 crore and focuses primarily on small-medium sized offshore vessels and cargo/bulk carriers. The dry dock will give an impetus to "Make in India" initiative under Sagarmala, he added.

 "The profit-making Cochin Shipyard will not be privatized. We will never allow any private person to take this because the Cochin Shipyard is in good profit," the Minister said.

 CSL’s project will pave way for the development of India along with the growth of Kerala. This achievement will be a challenge to foreign countries. The Kerala government is giving great importance to inland water transport. With the completion of Vizhinjam harbour project, Kerala will play a major role in the tourism industry, said Mr Vijayan while addressing the function.

At present, Cochin Shipyard has two dry docks, one predominantly used for shipbuilding of size 255 m x 43 x 43 x 9 m and capacity 1, 10,000 DWT, and the other one for ship repair of size 270 x 45 x 12 m and capacity 1, 25,000 DWT. This project is expected to be completed by May 2021 and generate employment opportunities for about two thousand people. Equipped with dry dock, Cochin Shipyard will be able to build specialised and technologically advanced large vessels like LNG carriers, drill ships, jack-up rigs, aircraft carriers for the Indian Navy, and high research vessels, said a release.

 The new dry dock is being constructed at a cost of Rs 1,799 crore. It will be 310 m long, 75 m wide, with a depth of 13 m and draught of 9.5 m. Moreover, it will be designed to handle both shipbuilding and repairs, and bear a load up to 600 T/m with international safety standards. The dock will also have a water treatment plant and green belt development.

 Incorporated in 1972, CSL has today emerged as a forerunner in the Indian shipbuilding and ship repair industry and is also an emerging player in the international arena. The new dry-dock when commissioned will help the company to have a more diversified product profile. This will help make Cochin a one-stop maritime hub for all repair needs in South-East Asia. The project is expected to be completed by May 2021 and generate employment opportunities for about 2,000 people, said Mr Madhu S. Nair, MD and CEO, Cochin Shipyard.

On the occasion, two 500 capacity passenger vessels built by CSL for the Andaman and Nicobar Islands administration were also launched, by Mrs Kanchan Gadkari, wife of Mr Nitin Gadkari. These vessels will help enhance intra-island connectivity, between Chennai and Port Blair.

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