The Cabinet Committee on Economic Affairs (CCEA) on 20 July 2016 approved construction of a new dry dock within Cochin Shipyard Limited (CSL).
The dock at CSL will be developed at an estimated cost of 1799 crore rupees.
Objective: The project will augment the shipbuilding/ship repair capacity essentially required for tapping the market potential of building specialized and technologically advanced large vessels.
Large vessels include Liquefied Natural Gas (LNG) vessels, Indigenous Aircraft Carriers of higher capacity, Jack up Rigs, Drill ships, large Dredgers and repairing of offshore platforms and larger vessels.
This big sized dry dock is a critical requirement of CSL to promote ship building and is a step in the direction of "Make in India" initiative of the Government.
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When: 20 July 2016
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