Govt plans 200 Gati Shakti Cargo Terminals along rail freight corridors

 

India, which has pledged to secure 1,000 commercial vessels over the next decade as part of a national push to grow its shipbuilding and maritime sectors, has joined forces with South Korea’s HD Hyundai. Earlier this month, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company overseeing HD Hyundai’s shipbuilding operations, announced it had signed a comprehensive Memorandum of Understanding (MoU) with Cochin Shipyard Limited (CSL), India’s largest state-owned shipbuilder, to pursue long-term cooperation across the shipbuilding value chain. Under the MoU, HD Hyundai and CSL plan to collaborate in areas including design and procurement, productivity and quality enhancement, and workforce training. The long-term goal is to jointly bid for overseas shipbuilding orders by combining South Korea’s technical leadership with India’s cost-effective manufacturing and extensive port infrastructure, as per a report.

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