Cochin Shipyard, Drydocks World join hands to expand ship repair facility
Cochin Shipyard and UAE-based Drydocks World have signed a joint venture to expand the International Ship Repair Facility in Cochin. This partnership aims to boost India's maritime repair capabilities and strengthen economic ties with the UAE.
Why it matters
This deal represents a significant infrastructure development in the maritime sector, positioning India as a global hub for ship repair services.
Cochin Shipyard Ltd. (CSL) and UAE-based Drydocks World, a DP World company, on Friday (September 11, 2026) signed a joint venture agreement to operate and expand the International Ship Repair Facility (ISRF) at Cochin, in a move aimed at strengthening India’s ship repair capabilities and positioning the country as a global maritime services hub.
Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal and UAE Assistant Foreign Minister for Advanced Science and Technology Omran Sharaf Alhashimi witnessed the signing on the sidelines of the BRICS Summit here.
The 50:50 joint venture agreement was signed by Drydocks World CEO Rado Antolovic and CSL chairman and managing director Jose V.J.
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