Cochin Shipyard signs MoU with Italian shipbuilding company ‘Fincantieri’

• Cochin Shipyard Limited has signed an MoU with Fincantieri for cooperation in design, shipbuilding, ship repair, marine equipment manufacturing etc.

• Fincantieri, largest in Europe and one of the world's largest shipbuilding groups is based in Trieste, Italy

New Delhi: Cochin Shipyard Limited (CSL), the largest shipbuilder in India and Fincantieri, one of the world's largest shipbuilding groups, have signed a memorandum of understanding for co-operation in the areas of design, shipbuilding, ship repair, marine equipment manufacturing, besides training & skill development. The agreement was signed by Cochin Shipyard Limited's Director (Technical) Bejoy Bhasker and Fincantieri (Naval Vessel Business Unit)'s Senior Vice President (Sales) Achille Fulfaro through video conference on October 27.

According to the Cochin Shipyard, this agreement sets the ground for a strategic partnership aimed at business development for mutual benefit as well as potential indigenisation in the identified areas of cooperation in line with the 'Atmanirbhar Bharat' and 'Make in India' vision of the government. From an innovation standpoint, this agreement will kick-start the development of cutting-edge solutions in strategic advanced sectors in India, aimed at offering the latest technology products both for the Indian as well as global markets.

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Cochin Shipyard Limited 

Cochin Shipyard Limited is a Miniratna PSU under the Ministry of Shipping with facilities both on the East and West coast of India. It is a leading shipyard in shipbuilding and ship repair, both on the commercial and defence fronts.

Fincantieri

Fincantieri is one of the world's largest shipbuilding groups and a leader in diversification and innovation with over 230 years of history and more than 7,000 vessels built, operating 18 shipyards in four continents. It is a leader in cruise ship design and construction and a reference player in all high-tech shipbuilding industry sectors, from naval to offshore vessels, from high-complexity special vessels and ferries to megayachts, as well as in ship repairs and conversions, production of systems and mechanical and electrical component equipment and after-sales services.

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