Cochin Shipyard to establish repair hub on Western coast

02 Feb 2024 CW Team

Cochin Shipyard, after designing a maritime cluster in Kochi, is exploring the development of additional facilities on the western coast of the country for the repair of passing vessels, revealed Madhu S Nair, Chairman and Managing Director of CSL. Nair stated that discussions and feasibility studies are currently underway for the project.

He mentioned that India's current share in the $ 25-30 billion global ship repair market is merely one percent. The initiative to establish ship repair clusters aligns with the government's efforts under Maritime India Vision 2030. According to Nair, CSL commands approximately 50 percent of the market share in the Indian repair industry.

Nair disclosed that CSL is set to commence operations at the new dry dock in Kochi, inaugurated by Prime Minister Narendra Modi, by May. He expressed the intention to initiate the assembly phase of a new dredger, contracted for the Dredging Corporation of India at a cost of Rs 9.2 billion, in the dry dock.

Providing insights into the financial performance, Nair reported a 62 percent growth in turnover in the third quarter, reaching Rs 10.21 billion compared to the corresponding quarter of the previous fiscal year. The Profit After Tax (PAT) also saw a significant increase of 110 percent, reaching Rs 2.48 billion. Nair attributed this success to the completion of naval and other shipbuilding projects. He expressed optimism, stating that if everything progresses as planned, the yard anticipates achieving its highest turnover ever from both shipbuilding and ship repairs.

In terms of subsidiaries, Udupi CSL secured contracts for tugs and European short sea vessels, while Hoogly CSL secured contracts for electric inland vessels. Nair highlighted that the three ship repair units in Mumbai, Kolkata, and Port Blair collectively contributed Rs 2 billion to the turnover.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..