Kochi

Cochin Shipyard signs pact for ship repair at Andamans

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The Cochin Shipyard has entered into an agreement with the Andaman and Nicobar administration to commence its operations at Marine Dockyard, Port Blair, a facility that is being operated now by the A&N administration.

This means that the public sector yard will provide assistance in setting up a ship repair ecosystem on A&N islands, associate in augmentation and modernisation of the facility and support skill development on the islands. The yard will be entitled to a management fee of ₹15 crore every year. As per the agreement, the yard will pay a share of 7.5% to the administration from the profit generated through the ship repair facility at the dockyard.

Sudhir Mahajan, Secretary (Shipping), Andaman & Nicobar Administration, and Madhu S. Nair, CMD, Cochin Shipyard, signed the agreement, which is for a period of 30 years.

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Printable version | Dec 7, 2019 11:42:39 AM | https://www.thehindu.com/news/cities/Kochi/cochin-shipyard-signs-pact-for-ship-repair-at-andamans/article30127061.ece

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