Posted on October 31, 2025
Cochin Shipyard inks eight major MoUs at India Maritime Week 2025, targeting multi-crore domestic and foreign investments in shipbuilding and technology.
Mumbai: The Cochin Shipyard Limited (CSL) has signed eight Memoranda of Understanding (MoUs) at the India Maritime Week 2025, paving the way for massive investments worth crores. These projects are part of the ‘Maritime Amrit Kaal Vision 2047’, which aims to make India self-reliant in shipbuilding and related maritime equipment manufacturing.
The agreements also include international technology collaborations. As part of this initiative, Cochin Shipyard will partner with Royal IHC of the Netherlands, one of the global leaders in dredger manufacturing, to build large-scale dredgers in Kochi itself.
Another MoU was signed with the Deendayal Port Authority (DPA) in Gujarat’s Kandla for setting up a ship repair and development unit at Vadinar. The project, in which both DPA and Cochin Shipyard will have equal participation, is expected to attract investments of around ₹1,600 crore.
In addition, Cochin Shipyard will build four small vessels for Jindal Steels, and further project details and investment specifics will be announced in the coming phases.
In collaboration with Norway’s Wärtsilä company, the shipyard will secure advanced technical support and raw materials for shipbuilding and repair operations. Two vessels have already been delivered earlier and more are planned in partnership with Jindal Steels, to be constructed across units in Mumbai, Kolkata and the Andaman Islands.
The Hooghly Cochin Shipyard Limited, a subsidiary of CSL, will construct two luxury cruise vessels for Antara River Cruises, which operates services on the Brahmaputra and Ganga rivers. The vessels, to be built in Kolkata, will incorporate advanced marine technologies.
Cochin Shipyard is also building India’s largest dredger for Dredging Corporation of India (DCI) at a cost of ₹900 crore, expected to be completed by 2026. A new MoU has been signed to construct two more such dredgers, while CSL will also undertake maintenance and repair of DCI’s dredgers.
An agreement has also been reached to entrust dredging work within Cochin Shipyard premises to DCI.
