CCEA approves construction of new dry dock within Cochin Shipyard Limited

The Cabinet Committee on Economic Affairs (CCEA) on 20 July 2016 approved construction of a new dry dock within Cochin Shipyard Limited (CSL).
•    The dock at CSL will be developed at an estimated cost of 1799 crore rupees.
•    The project will augment the shipbuilding/ship repair capacity essentially required for tapping the market potential of building specialized and technologically advanced large vessels.
•    Large vessels include Liquefied Natural Gas (LNG) vessels, Indigenous Aircraft Carriers of higher capacity, Jack up Rigs, Drill ships, large Dredgers and repairing of offshore platforms and larger vessels.
•    This big sized dry dock is a critical requirement of CSL to promote ship building and is a step in the direction of "Make in India" initiative of the Government.
•    Cochin Shipyard Limited (CSL) is one of the major shipbuilding and maintenance facilities in India. 
•    It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India.