India Signs Agreement With Russian Firm To Manufacture Inland Shipping Vessels


Government of India-controlled Cochin Shipyard Limited said it signed an agreement with Russia’s largest shipbuilding company to jointly design and manufacture inland and coastal ships in India to enable the government’s Sagar Mala program.

Sagar Mala is a ₹8 lakh cr investment initiative of the Government of India to promote the use of water ways — including the coastal sea and rivers — for transporting goods. At present, nearly all goods in India are transported using the less efficient road and rail methods as the country has traditionally ignored its rivers and seas.

The agreement has been signed with Joint Stock Company United Shipbuilding Corporation (USC) of Russia, which is the largest shipbuilding holding in Russia, according to Cochin Shipyard Ltd. Read More…

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