Cochin Shipyard signs MOU with Russian Firm for development of vessels

Taking another step ahead to realize the potential of inland waterways in the country, Cochin Shipyard & United Shipbuilding Corporation, Russia has signed a Memorandum of Understanding (MoU) to collaborate and engage in Design, Development and Execution of contemporary, state-of-the-art vessels for inland and coastal waterways.

The massive push to water-based transport through the infrastructure development efforts under the Sagarmala programme of government will open up opportunities for specialised vessels. The MoU is an effort to get ready to cater to the demand for different kinds of vessels that is expected in the near and medium term.