India will soon be making world-class dredgers as the state-owned Cochin Shipyard Limited (CSL) has decided to partner with Royal IHC, world's largest dredger maker, for manufacturing of dredgers in the country.
On Wednesday (24 February), CSL signed a memorandum of understanding (MoU) with Dredging Corporation of India (DCI) and Royal IHC to make high capacity dredgers in India.
The MoU was signed in the presence of Minister of State for Ports, Shipping and Waterways, Mansukh Mandaviya, in Delhi, according to a release by the Ministry of Ports, Shipping and Waterways.
"As part of Government of India’s thrust on Blue Economy, there is an ever-increasing demand to develop and maintain existing major ports, building new ports, offshore resource exploration, deployment of ultra-mega-size vessels, promotion of tourism, and beach nourishment. Considering India's vast coastline of over 7,500 km along the east and west coasts this would in turn lead to significant dredging in the country. This partnership will help the country grow," Mandaviya said.
"CSL and IHC Holland BV have arrived at an understanding to work together to provide locally built world-class dredgers. High-capacity dredgers in the range of 8000 Cu Meter to 12,000 Cu Meter are complex equipment being built in India for the first time," said Madhu S Nair, Cochin Shipyard's Chairman and Managing Director.
According to the release, the Royal IHC is the world leader with largest market share in the world for the design and construction of dredgers and is renowned worldwide for their quality and performance.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.