APSEZ (Adani Ports and Special Economic Zone) has announced a collaboration with Cochin Shipyard, a leading shipbuilding and repair company in India, to procure vessels from the PSU. This partnership signifies APSEZ’s commitment to enhancing maritime infrastructure in India and its confidence in the country’s public sector units (PSUs).
The collaboration aims to leverage India’s local manufacturing capabilities, which are world-class, to contribute to the ‘Make in India’ initiative. By doing so, APSEZ plans to ensure that its operations meet international standards of safety and efficiency.
APSEZ’s CEO, Mr. Ashwani Gupta, emphasized the company’s commitment to the ‘Make in India’ initiative and its confidence in India’s PSUs. He stated that the collaboration with Cochin Shipyard demonstrates APSEZ’s dedication to enhancing maritime infrastructure in the country.
The partnership is expected to have several benefits, including the creation of jobs, increased economic activity, and the development of India’s maritime sector. Additionally, the collaboration will enable APSEZ to reduce its reliance on foreign suppliers and support the growth of India’s shipbuilding and repair industry.
Cochin Shipyard, which is a government-owned company, has a reputation for building high-quality vessels that meet international standards. The company has a long history of shipbuilding and repair, and has delivered several high-profile projects in the past.
The collaboration between APSEZ and Cochin Shipyard is a significant development in the Indian maritime sector, and is expected to have a positive impact on the country’s economy. The partnership demonstrates the potential for Indian companies to collaborate and achieve great things, and is a testament to the country’s growing capabilities in the maritime sector.