Cochin shipyard pact with Russia to boost water transport
India’s Cochin Shipyard signed a pact with Russian firm United Shipbuilding Corporation in what can be seen to be an attempt to boost water transport. As per the pact, the Russian shipbuilding company will provide the technical support to develop advanced vessels suitable for inland waterways and coastal transportation.
India is also engaged in talks with other Russian firms in the field of water transport as the country is bestowed with 20,000 km of river length and 7,500 km coastline.
“State-owned CSL.is now planning to make a joint venture with Russian company USC it has already been formalised. At the same time we are planning a tie-up in river transport like catamarans, seaplane technology and other areas,” Union Minister Nitin Gadkari was quoted as saying by PTI.
