Project Update6 May 2026, 10:44 am
Cochin Shipyard to Develop ₹1,570 Cr Ship Repair Facility
AI Summary
Cochin Shipyard Ltd (CSL) and Deendayal Port Authority (DPA) will jointly develop a state-of-the-art Ship Repair Facility at Vadinar, Gujarat, with a combined investment of ₹1,570 crore. DPA will invest ₹650 crore in civil infrastructure, while CSL will invest ₹920 crore in ship repair infrastructure, including two floating docks. The project, approved by the Cabinet Committee on Economic Affairs, aims to address the critical gap in India's ship repair capabilities for large vessels, reducing dependence on foreign shipyards and creating employment opportunities.
Key Highlights
- CSL and DPA to jointly invest ₹1,570 crore in Vadinar Ship Repair Facility.
- CSL will invest ₹920 crore in ship repair infrastructure.
- Facility to repair vessels up to 300m, reducing reliance on foreign shipyards.
- Project aims to create approximately 290 direct and 1,100 indirect jobs.
- Project completion is planned within 36 months.