Drydocks World and Cochin Shipyard Limited (CSL) has announced the signing of a joint venture agreement to operate and expand the International Ship Repair Facility (ISRF) Cochin.
The agreement builds on the Memorandum of Understanding (MoU) signed by Drydocks World (DDW) and CSL, under which the two organisations agreed to explore opportunities for collaboration in ship repair and allied maritime services.
The companies have now formalised this collaboration through a 50:50 joint venture, marking the establishment of a first-of-its-kind public-private partnership in India’s ship repair sector.
His Excellency Omran Sharaf Alhashimi, assistant foreign minister for advanced science and technology, UAE, said: “The UAE and India share a longstanding relationship rooted in mutual trust, economic cooperation and a common ambition to create new pathways for growth.
“The joint venture between Drydocks World and Cochin Shipyard is a strong example of how this partnership can translate into tangible industrial outcomes, bringing together complementary expertise to strengthen India’s maritime capabilities.
“By combining India’s growing maritime potential with the UAE’s global experience, collaborations such as this can support more efficient ship repair services, strengthen maritime connectivity and contribute to the continued growth of trade and commerce between our two countries.”
Under the arrangement, the joint venture will operate, consolidate and expand the International Ship Repair Facility (ISRF) in Cochin, creating additional capacity to service a wider range of vessels and meet the growing requirements of Indian, regional and international customers.
The partnership is expected to strengthen Cochin’s position as a maritime services hub, while creating opportunities across ship repair, engineering, fabrication and associated maritime services in Kerala.
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