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.
You’ve hit your limit of 5 free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app