Rs.18000 Million ship repair facility expansion via a 50:50 joint venture at Willingdon Island, Kochi.
A joint venture between a major Indian shipbuilder and a Dubai-based ship repair firm will take over and expand an existing International Ship Repair Facility at Willingdon Island, Kochi. The facility, valued at Rs. 18000 Million, will see ten additional workstations added to its current six. The JV is set to be incorporated as a private limited company with operations to follow regulatory and shareholder approvals.
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