Cochin Shipyard Limited, the largest Shipbuilder in India and Fincantieri, one of the leading global shipbuilding groups, signed a Memorandum of Understanding for co-operation in the areas of design, ship building and repair, marine equipment manufacturing, besides training and skill development.
The agreement was signed by Bejoy Bhasker, Director (Technical) of Cochin Shipyard and Achille Fulfaro, Senior Vice President (Sales) of Fincantieri, Naval Vessel Business Unit, through a video conference.
Cochin Shipyard Ltd with facilities both on the East and West coast of India, is a leading yard in Ship Building and Ship Repair, both on the Commercial an Defence fronts.
This Agreement sets the ground for a strategic partnership aimed at business development for mutual benefit as well as potential indigenization in the identified areas of cooperation in line with the ’Atmanirbhar Bharat’ and ‘Make in India’ vision of GoI.
From an innovation standpoint, this agreement will kick-start the development of cutting-edge solutions in strategic advanced sectors in India, aimed at offering latest technology products both for the Indian as well as global markets.