Cochin Shipyard has entered into a memorandum of understanding (MoU) with Russian firm United Shipbuilding Corporation (USC) to boost water transportation in India.
As per the MoU, USC will engage in development of the state-of-the-art vessels for inland and coastal waterways in the country. The company and USC aim to develop high-speed vessels, river-sea cargo vessels, passenger vessels, dredgers, and other watercraft for inland waterways and coastal shipping in India.
Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India. The company caters to clients engaged in India’s defence segment and global commercial shipping sector.