Useful crafts: a newly built water metro ferry in Cochin Shipyard Ltd expects to embark on its single trip
Cochin Shipyard Ltd (CSL) owned by the government, one of the largest ship manufacturers in the country, has many projects at hand and eyes are a great impulse from the measures announced in the Budget of the Union by 2025-26.
The president and managing director of CSL, Madhu S Nair, is setting the hope of the budget allocation of ₹ 25000 million rupees to the Maritime Development Fund (MDF) and the renewed policy of Naval Construction Financial Assistance (SBFAP 2.0) to facilitate the emergency.
He says that financial support, together with technical collaboration with the specialties of naval construction abroad, will allow CLS to progress rapidly in the construction of large merchant ships.
The naval construction industry is currently dominated by Korean, Chinese and Japanese players. “I think that global shipping students will look at India and CSL, to meet their requirements,” says Nair.
The Great League
In the last 20 years, CSL has largely analyzed the markets and technical partners of Western Europe, which helped it build ships oriented to current technology. The favorable market conditions had pushed it to build functional vessels, vessels on the high seas and dredgers.
With the construction of a dry pier of 31 m, to an investment of ₹ 1.8 billion rupees, CSL is ready to make orders to build large -capacity merchant ships for the international market, he says. “We are looking for technical collaborations with worldwide specialties of naval construction for joint companies in naval construction and ship repair in India,” he says.
“The conversations are underway with naval construction specialties for Brownfield’s expansion, and the patio is looking for an adequate location in Kochi to establish a large manufacturing installation to accelerate the response time for naval construction in the new dry dock,” he says.
Quality and prices
The need for the time is to build ships of the highest global quality in global price levels, he says, and adds that the combination of quality, time and prices is crucial when entering the worldwide sphere of naval construction. Explain the need to join to build more ships, as in the case of drivers, he explains. “I will call it a technology and a precious process, something that money cannot buy, but that occurs through experience and can only be shared through a robust collaboration and long term. No one is willing to be the effect of time and bailouts, it is effect and rescue is an effect and it is the effect of time and time resource and it is the time effect and time already long term,” observes that Nair observes.
CSL, he says, was part of a delegation that visited Korea and Japan recently to find opportunities to build more ships for Indian markets and abroad at a globally competitive base.
The growth history of India acquires well for a growing requirement or ships for cargo transport. However, most of the country’s burden is currently handled by foreign ships. Nair points out that India paid approximately $ 85 billion as loading charges last year, with $ 75 billion going to foreign shipping companies at a time when India is an economy of $ 3.5 Vrillions. The country’s objective growth to an economy of $ 30 billion will require more ships for the load movement.
Building for India
“We can create the appropriate environment to ensure that these ships are largely controlled by India … an option controlled by India or even a multinational shipping company that is in India is always the best option,” he emphasizes.
The growing demand for shipping in the country has required to invite global naval construction specialties to establish yards in its soil and build both for India and the world. “Earning emerging opportunities, we are following the actions. The budget supports these actions,” he adds.
The patio is also contemplating to expand its repair facarity of integrated ships in Willingdon Island through an association with an abroad abroad of reputation, to bring best global practices to an investment of almost ₹ 1.5 billion rupees.
CSL is also investing around ₹ 35 million rupees to develop an autonomous superficial container (ASV) for both defense and civil use. He has obtained partial government funds for the R&D project
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Posted on April 20, 2025