The foundation stone for India’s largest Dry Dock laid by Union Transport Minister Nitin Gadkari and Kerala Chief Minister Pinarayi Vijayan at Cochin Shipyard in Kerala . The Dry Dock will give a major boost to the “Make in India” initiative under Sagarmala and raise India’s share in global shipbuilding to 2 percent. India currently occupies 0.66 per cent share in global shipbuilding market.
• The commercial ship building industry in India is worth Rs. 3,200 crore and focuses primarily on small-medium sized offshore vessels and cargo/bulk carriers.
• Currently, the Cochin Shipyard has two dry docks. One that has a size of 255m x 43 x 9m and capacity 1,10,000 DWT is predominantly used for ship building and the other one, which has a size of 270 x 45 x 12m and capacity 1,25,000 DWT, is used for ship repair.
• The new Dry Dock is being constructed at a cost of Rs 1799 crore. It will be 310 m long, 75m wide, with a depth of 13 m and drought of 9.5m.
• The dock will be designed to handle both ship building and repairs and bear a load up to 600 T/m. It will be equipped with international safety standards.
• The dock will also have a water treatment plant and green belt development.
• The project is expected to be completed by May 2021 and it is expected to generate employment opportunities for about 2000 people.
Equipped with this Dry Dock, Cochin Shipyard will be able to build specialised and technologically advanced large vessels like LNG Carriers, drill ships, jack up rigs, large dredgers, aircraft carriers for Indian Navy and high end research vessels.