Cochin Shipyard Signs Pact With Korea

29 Sep 2025 CW Team

As part of its growth strategy, CSL said the project may include a modern ship repair facility and will create 4,000 direct and 6,000 indirect opportunities in its initial phase. CSL has also signed a memorandum of understanding with the Tamil Nadu government to develop shipbuilding clusters. The tie-up will combine CSL’s infrastructure and expertise with HD KSOE’s technology and global know-how to strengthen India’s shipbuilding capabilities.

In addition, CSL will take up joint shipbuilding projects at its existing facilities and explore opportunities in greenfield shipyards and skill development. To support the Korean partnership, CSL will set up a Block Fabrication Facility at Kochi spread over 80 acres, with an annual capacity of 120,000 metric tonnes at an investment of about Rs 37 billion. This facility is expected to create around 2,000 direct jobs and several times more indirect opportunities in allied industries such as logistics, MSMEs, and supply chains.

A dry dock inaugurated in 2024 will also be deployed to construct large vessels such as Suezmax tankers and bulk carriers, with the capacity to build up to six vessels annually. CSL said the Korean pact will support the Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, aligning with New Delhi’s ambition to establish India as a global shipbuilding hub.

The government aims to secure a 5 per cent share of the global shipbuilding market by 2030 and develop 10 world-class shipyards through public-private partnerships and international collaborations. A Rs 700 billion financial package to boost shipbuilding, ship repair, and port infrastructure is under consideration by the Union Cabinet.

Cochin Shipyard Ltd (CSL) has signed an agreement with HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for long-term collaboration in shipbuilding, the company said in a filing on 23 September. The state-run shipbuilder is also considering a Rs 150 billion greenfield shipyard in Tamil Nadu that could generate about 10,000 jobs.As part of its growth strategy, CSL said the project may include a modern ship repair facility and will create 4,000 direct and 6,000 indirect opportunities in its initial phase. CSL has also signed a memorandum of understanding with the Tamil Nadu government to develop shipbuilding clusters. The tie-up will combine CSL’s infrastructure and expertise with HD KSOE’s technology and global know-how to strengthen India’s shipbuilding capabilities.In addition, CSL will take up joint shipbuilding projects at its existing facilities and explore opportunities in greenfield shipyards and skill development. To support the Korean partnership, CSL will set up a Block Fabrication Facility at Kochi spread over 80 acres, with an annual capacity of 120,000 metric tonnes at an investment of about Rs 37 billion. This facility is expected to create around 2,000 direct jobs and several times more indirect opportunities in allied industries such as logistics, MSMEs, and supply chains.A dry dock inaugurated in 2024 will also be deployed to construct large vessels such as Suezmax tankers and bulk carriers, with the capacity to build up to six vessels annually. CSL said the Korean pact will support the Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, aligning with New Delhi’s ambition to establish India as a global shipbuilding hub.The government aims to secure a 5 per cent share of the global shipbuilding market by 2030 and develop 10 world-class shipyards through public-private partnerships and international collaborations. A Rs 700 billion financial package to boost shipbuilding, ship repair, and port infrastructure is under consideration by the Union Cabinet.

Real Estate

18 Nov 2025

Nine Emerging Cities Drive Office and Logistics Growth: JLL

A new JLL report highlights a major shift in India’s commercial real estate market as nine emerging cities have collectively crossed a GDP of Rs 9.9 trillion and now command 70 million sq. ft of Grade A office space and 80 million sq. ft of logistics infrastructure. While metros continue to dominate demand, these cities are becoming the next engines of expansion. The report, titled Beyond the metros: Insights into India’s emerging real estate stars, names Chandigarh Tricity, Jaipur, Lucknow, Indore, Nagpur, Coimbatore, Kochi, Bhubaneswar, and Guwahati as the leading emerging markets offer..

Real Estate

18 Nov 2025

Housing Sales Value in FY26 Set for 20% Rise: ANAROCK

ANAROCK’s latest data shows that India’s top seven cities are likely to record nearly 20 per cent year-on-year growth in housing sales value in FY26, even as residential sales volumes stabilise following a period of strong absorption. The total housing sales value may exceed Rs 6.65 trillion this fiscal, compared to Rs 5.59 trillion in FY25.According to Dr Prashant Thakur, Executive Director & Head – Research & Advisory at ANAROCK Group, FY26 sales value is expected to grow more than 19 per cent, despite volumes remaining flat. In FY25, around 4.23 lakh units were sold ac..

Real Estate

18 Nov 2025

AlterType Launches ‘Joy Is On The House’ Campaign for Athiva

AlterType, the independent creative agency of record for Chalet Hotels’ premium lifestyle brand Athiva Hotels & Resorts, has unveiled its new brand campaign titled Joy Is On The House. The campaign positions Athiva as a hospitality experience defined by joy, wellness, comfort, and sustainability. The launch film introduces Athiva as more than a hotel brand, presenting it as a place where guests feel a sense of homecoming through thoughtful design, emotional warmth, and intuitive service. The campaign aims to redefine premium hospitality for modern travellers with a millennial and Gen Z mind..