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COCHIN AND FINCANTIERI SIGN MoU

Wednesday, October 28, 2020 

Cochin Shipyard Limited, the largest Shipbuilder in India, and Italy-headquartered shipbuilding group Fincantieri have signed a Memorandum of Understanding (MoU) for co-operation in the areas of design, ship building, ship repair, marine equipment manufacturing, and training and skill development.

Cochin Shipyard has facilities on the East and West coasts of India, undertaking ship building and ship repair, in the commercial and defence sectors. Fincantieri has over 230 years of history with more than 7,000 vessels built, in 18 shipyards in four continents. Fincantieri is prominent in cruise ship design and construction as well as high-tech shipbuilding sectors, including naval, offshore, specialised vessels, ferries and mega yachts.

According to Cochin Shipyard, the new agreement sets the ground for a strategic partnership aimed at business development for mutual benefit as well as potential indigenisation in identified areas of cooperation in line with the ’Atmanirbhar Bharat’ and ‘Make in India’ vision of the Indian Government. From an innovation standpoint, this agreement will kick-start the development of cutting-edge solutions in strategic advanced sectors in India, aimed at offering latest technology products both for the Indian as well as global markets.

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