Cochin Shipyard Ltd (CSL) has entered into an agreement with the Andaman and Nicobar administration to spruce up the operational efficiency of the marine dockyard in Port Blair and ensure faster turnaround of vessels for seamless operations.
As part of the MoU, CSL shall take up the 'Operation and Maintenance of the Marine Dry-Dock' at Port Blair.
Under the ambit of this Memorandum of Unuderstanding (MoU) signed on September 25, CSL shall assist the administration to set up Ship repair eco-system at A&N slands, for augmentation and modernization of marine dockyard and skill development and training schemes for the islands, a CSL release here said Thursday.
The MoU was signed in New Delhi by Madhu Nair, CMD CSL and Ankita Mishra Bundela, IAS, Commissioner Cum Secretary (Shipping), A and N Administration, in the presence of Gopal Krishna, IAS, Secretary to Ministry of Shipping and other officials.
CSL has also signed an MoU with Andaman and Nicobar administration in December 2016, for repair of large sea-going vessels owned by them and is already in effect.
The Andaman and Nicobar Islands, one of the seven union territories of India, are a group of islands at the juncture of the Bay of Bengal and Andaman Sea.
The islands have a key position in India's strategic role in the Bay of Bengal and the Malacca Strait.
The local population and the islands economy are heavily dependent on water transport.
While the bigger ships are capable of traversing the sea to Mainland India for repairs, the remaining ships and vessels are dependent on the facilities in the island for their maintenance and upkeep, which is handled by the Directorate of Shipping Services through its Marine Dockyard Facility at Port Blair.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-this-tata-group-stock-turned-every-rs-10000-of-investment-into-rs-11300-in-just-a-week-investors-richer-by-42722-crore-rupees-any-guesses-share-market-news-304023](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307143-tradingpexels.jpg?itok=rw4R7EfH)
A Tata group stock just turned every Rs 10,000 of investment into Rs 11,300 in just a week, investors richer by Rs 42,722 crore; any guesses?
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
09:01 PM IST