Cochin Shipyard to invest Rs 50 cr in maritime startups: Sonowal

engaged in the maritime sector, announced Sarbananda Sonowal, the Union Minister for Ports, Shipping, and Waterways. The Union minister also unveiled the startup engagement framework of CSL on the inauguration of its Golden Jubilee celebrations. The startup framework is envisaged to augment the Government of India’s initiatives to develop an ecosystem in India for supporting the maritime startups from technical, regulatory, financial, and marketing points of view by bringing the stakeholders together, read an official statement. The framework is likely to provide a platform for young and talented entrepreneurs to develop the products/services in the marine space with financial support provided by CSL.