State-run Cochin Shipyard is setting up a 42-acre international ship repair facility at Cochin Port at a cost of Rs 970 crore, the Ministry of Shipping said today.
The facility will be set up at the premises of Cochin Port on land leased from the port, Minister of State for Shipping Pon RadhaKrishnan said in a written reply to the Lok Sabha.
"Cochin Shipyard Ltd (CSL) is setting up an international ship repair facility at Cochin Port premises on land leased from port. The facility is being set up on 42 acres of land at a cost of Rs 970 crore," he informed.
The facility, the minister said, will house a modern ship lift and transfer system of 6,000 tonnes capacity which will cater to repairs of all types of small and medium-sized vessels, including Indian Navy and Coast Guard ships.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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