CCEA approves construction of a New Dry Dock

Cabinet approves construction of a New Dry Dock of Cochin Shipyard Limited

Question: Recently the Cabinet Committee on Economic Affairs has given its approval for construction of a new dry dock within the existing premises of which of the following shipyard?
(a) Shipping Corporation of India
(b) Hooghly Dock and Port Engineers
(c) Cochin Shipyard Limited
(d) The Indian Maritime University
Ans: (c)
Related facts:

  • On 20 July 2016 the Cabinet Committee on Economic Affairs has given its approval for construction of a new dry dock within the existing premises of Cochin Shipyard Limited (CSL).
  • Its estimated cost is of Rs.1799 crore.
  • It aims is to augment the shipbuilding / repair capacity of the country.
  • The objective is to augment the shipbuilding/ ship repair capacity essentially required to tap the market potential of building specialized.
  • Apart from direct employment of 300 personnel, about 2000 personnel would be indirectly employed when the project becomes fully operational.

Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=147390