On Tuesday, Union Minister Nitin Gadkari sets foundation for India’s largest Rs 1799 crore dry dock at Cochin Shipyard.
The new move will equip Cochin shipyard to build specialized and technologically advanced large vessels. The new project could provide job opportunities for about 2000 people and the project is expected to be complete by May 2021.
Also, the shipping and transport Minister Gadkari will lay foundation for three national highway projects in Kerala which costs upto Rs 1557 crore.
Reportedly, a statement from the Ministry of shipping said that “ Gadkari and Kerala Chief Minister Pinarayi Vijayan will lay the foundation for India’s largest Dry Dock at Cochin Shipyard in Kerala tomorrow.The Dry Dock will give an impetus to’Make in India’ initiative under Sagarmala and raise India’s share in global shipbuilding to 2 percent,”
Presently, India occupies 0.66 percent share in global shipbuilding market. The new Dry Dock will be 310m long, 75m wide with a depth of 13m and drought of 9.5m and is designed to handle both shipbuilding and repairs.