Cochin Shipyard to foray into inland vessel building segment

Company to form JV with shipping ministry arm

State-owned Cochin Shipyard will enter the inland vessel building segment on the back of strong growth potential in the next three years. The company will build small barges, passenger ferry, river-sea vessels and river cruise among other inland vessels.

“We have seen action on the Ganga and Brahmaputra stretches and hence this segment is promising for shipbuilders,” Madhu Nair, chairman and managing director of Cochin Shipyard told Business Standard. “We are expecting the inland waterways market to open up over the next three years and are preparing to capture this market,” he added. 

The shipbuilder has already received in-principal nod