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Cochin Shipyard Limited and Italy’s Fincantieri Signs MoU in Shipping Industry

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Cochin Shipyard and Italy’s Fincantieri sign MoUOn October 27, 2020 Cochin Shipyard Limited and Fincantieri S.P.A. of Italy virtually signed a Memorandum of Understanding(MoU) for cooperation in the areas of Design, Ship Building, Ship Repair, Marine Equipment Manufacturing and also for Training & Skill Development.

Key People:

Bejoy Bhasker, Director (Technical) of Cochin Shipyard Ltd and Achille Fulfaro, Senior Vice President (Sales) of Fincantieri S.P.A. , Naval Vessel Business Unit signed the agreement through a video conference.

About the Agreement:

i.The agreement enables a strategic partnership that aims at business growth for mutual benefit and potential indigenization in the identified areas of cooperation in accordance with the  Govt of India’s vision namely, ’Atma Nirbhar Bharat’ and ‘Make in India’.

ii.The agreement will initiate the development of advanced solutions in strategic advanced sectors in India, which aims to offer the latest technology products for Indians and for global markets.

Additional Info:

i.Cochin Shipyard Ltd is a leading yard in Ship Building and Ship Repair, both on the Commercial & Defence fronts.

ii.It is the largest shipbuilding and maintenance facility in India. It has facilities both on the East and West coast of India.

iii.Fincantieri S.P.A.  is one of the world’s largest shipbuilding groups.

iv.It is a leader in diversification and innovation. It has built over 7,000 vessels. It operates 18 shipyards in four continents.

Recent Related News:

On April 30, 2020 The Ministry of Shipping has launched its reconstructed website (shipmin.gov.in), which is based on open source technology and is deployed on the National Informatics Centre(NIC) cloud Meghraj.

About Fincantieri S.P.A.:
Head Office– Trieste, Italy
Chief Executive Officer(CEO)– Giuseppe Bono

About Cochin Shipyard Limited:
HeadQuarters– Cochin, Kerala
Chairman & Managing Director(MD)– Madhu S Nair