Cochin Shipyard has signed a memorandum of understanding (MoU) with the Mumbai Port Trust for management and operation of their ship repair facilities. The move will serve the increasing ship repair demands in Mumbai area. This is significant because the margins for ship repair, which are in the region of 30 to 33 percent, are almost three times that of shipbuilding, which stands at 11 to 12 percent. In an interview with CNBC-TV18, Madhu S Nair, CMD, Cochin Shipyard spoke about the latest happenings in his company and sector.
Rajesh Tripathi, Chairman, Dredging Corporation estimates the total size of the entire Namami Gange project will be about Rs 50-60,000 crore spread across four-five years. "About 10 percent of that or Rs 5000 crore would involve dredging," he said.
