Cochin Shipyard Ltd. Signs MOU with Drydocks World to Develop Ship Repair Clusters

Cochin Shipyard Ltd. (CSL) has signed a Memorandum of Understanding (MOU) with Drydocks World, a DP World company, to enable development of Ship repair clusters. This collaboration is expected to bring global best practices to the Ship repair ecosystem in India, add significant capacities, and explore opportunities to develop ship repair clusters along India’s coastline. The MOU was signed in the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, Shri Piyush Goyal, Honourable Minister of Commerce and Industry, Government of India, His Excellency Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World, Shri Madhu S Nair, Chairman & Managing Director, Cochin Shipyard Limited. The partnership will play a crucial role in modernizing India’s maritime infrastructure, expanding the ship repair industry and generating new employment opportunities.