In a landmark development, Kochi takes a significant stride towards becoming a maritime powerhouse with the inauguration of a 310-meter dry dock and an international ship-repair facility (ISRF) by Cochin Shipyard Limited (CSL). Prime Minister Narendra Modi spearheaded the unveiling of these transformative projects, collectively valued at ₹4,000 crore.
Marking a pivotal moment for the region, CSL’s facility now stands as the largest ship repair and dry dock in South Asia. Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, emphasized the profound impact of this initiative, projecting the creation of an extensive ecosystem that promises 30,000 job opportunities, particularly in the MSME sector. Notably, CSL contributes to the green energy transition through the construction of electric-hybrid vessels.
Under the Sagaramala project, 227 out of 805 initiatives have been completed at a total cost of ₹1.47 lakh crore, showcasing a substantial modernization and digitization drive in the port sector. Kochi’s contribution, led by CSL, is instrumental, with the shipyard eyeing a doubling of its turnover to ₹7,000 crore by 2028.
In addition to these developments, a comprehensive ₹60,000-crore plan aims to elevate Kochi’s status as a hub for river cruises, targeting a significant increase in passenger numbers. The ambitious vision includes the operation of 1,000 green energy vessels along rivers in the next decade, reducing the need for enthusiasts to travel overseas for river cruise experiences.
The newly inaugurated dry dock, an investment of ₹1,799 crore, bolsters India’s marine infrastructure, equipped to handle strategic assets such as aircraft carriers and large commercial vessels. Simultaneously, the ISRF project, valued at ₹970 crores, positions Kochi on the global map as a ship repair hub with state-of-the-art facilities.
Adding to the transformative landscape is the Indian Oil’s LPG import terminal at Puthuvype, costing ₹1,236 crore. This advanced facility ensures a consistent supply of LPG, benefitting households and businesses in the region. The terminal anticipates annual logistic savings of ₹150 crore and a reduction of CO2 emissions by 18,000 tonnes.