Union Shipping Minister Nitin Gadkari today said an agreement would be signed between the Defence Ministry and the Ministry of Shipping to manufacture different types of naval ships, including warships, in the next five years at CSL as part of government's efforts to "encourage the Indian industries".
Dedicating a specialized multi-purpose Buoy Tender Vessel to the nation at the shipyard here, Gadkari said he discussed the matter with Defence Minister Manohar Parrikar yesterday and "he assured me we will make an agreement between the two ministries" in this regard.
Asked for further clarification on the agreement, he said the Defence Ministry is "mentally prepared" to give orders to the Cochin Shipyard Limited and "they are just studying how much requirement the Navy has in the next five years".
"They will give the order to the Cochin Shipyard. There will be agreement between the Defence Ministry and the Shipping Ministry," the Minister said.
He said the ships to be manufactured in Cochin Shipyard Limited includes warships and other different types of ships, based on the requirement of the Navy.