"Cochin is going to become one of the most important hubs of ship repair and shipbuilding. This modern facility will definitely make India proud in the global maritime sector," Sonowal said during a press conference here.
Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal reviewed the preparation of the key strategic projects at Cochin Shipyard Limited (CSL) in Kochi on Tuesday.
Poseidon is a 1400 MT capacity oil tanker barge built at Vijay Marine Shipyard of Goa with a government contribution of Rs 12.32 crore and company's own funds of Rs 3.02 crore.
Bharat Electronics on Monday announced it received orders worth Rs 2,673 crore collectively from Goa Shipyard Limited (Rs 1,701 crore) and Garden Reach Shipbuilders and Engineers (Rs 972 crore).
The three ships were launched after completion of initial construction work. These ships will be equipped with advanced underwater weapons and sensors, and over 80 per cent indigenous content.
The searches were conducted at the residences of the persons or family members related to ABG Shipyard Ltd and its related group companies which resulted in the recovery and seizure of unaccounted cash, bullion and jewellery to the tune of approximately Rs 5 Crore.
The ship completed its journey from the US, which lasted over a month, during which dozens of men and women sailors managed to cover over 6500 miles across the Atlantic Ocean.
Taiwan’s President Tsai Ing-wen presided over a ceremony at the submarine’s shipyard in southern Kaohsiung City where the diesel-electric vessel was officially named “Narwhal” in English and “Hai Kun” in Mandarin – which can be loosely translated
A proposal has been received by the Defence Ministry for building and acquiring the second indigenous aircraft carrier which would be known as the Indigenous Aircraft Carrier-2