Cochin Shipyard Signs MoU With Italian Shipbuilder Fincantieri
Cochin Shipyard Limited (CSL) has entered into a memorandum of understanding (MoU) with Italian shipbuilding company Fincantieri. The companies have collaborated for design, shipbuilding, ship repair, marine equipment manufacturing, training, and skill development. The Italian company is the world’s largest shipbuilding group that operates in 18 shipyards on 4 continents. CSL has signed the MoU setting the ground for a strategic partnership aimed at business development for mutual benefit as well as potential indigenization in the identified areas of cooperation in line with the ‘Atmanirbhar Bharat’.
The MoU would kick-start the development of cutting-edge solutions in strategic advanced sectors in India, aimed at offering the latest technology products both for the Indian as well as global markets, said CSL in its latest statement.