Cochin Shipyard Limited Signs MoU with Russian Firm USC

Cochin Shipyard Limited (CSL) and  Joint Stock Company United Shipbuilding Corporation (USC), Russia have signed an MoU to collaborate and engage in Design, Development and Execution of contemporary, State-of-Art vessels for Inland and Coastal Waterways.

The MoU will give a push to the  Government’s Make-in-India programme, as also its plans to develop eco-friendly and economic transportation along India’s inland waterways and coastal shipping routes under SAGARMALA.
Static/Current Takeaways Important for Canara Bank PO 2018 Exam-

  • Chairman & Managing Director, Cochin Shipyard Limited- Shri Madhu S Nair.
  • United Shipbuilding Corporation President- Alexey Rakhmanov.
  • Sagarmala Program aims to promote port-led development in the country.
  • The concept of Sagarmala was approved by the Union Cabinet on 25th March 2015.

Source- AIR World Service

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