CSL to develop shipbuilding clusters, set up ₹15K cr shipyard in Tamil Nadu

Cochin Shipyard Ltd (CSL) is considering an investment of about Rs 15,000 crore to establish a shipyard in Tamil Nadu in collaboration with a Korean partner, an official statement said on Tuesday.

- PTI

In the first phase, the greenfield project is expected to create nearly 10,000 jobs, comprising 4,000 direct and 6,000 indirect opportunities and may also include a modern ship repair facility, the statement said.

CSL signed a memorandum of understanding (MoU) with Guidance, the nodal agency of the Government of Tamil Nadu, in line with the Government of India’s vision for developing shipbuilding clusters.