India's Cochin Shipyard (CSL) and Russia's United Shipbuilding Corporation (USC) have signed a memorandum of understanding (MoU) to collaborate on the design and development of inland and coastal waterways vessels.
Designed to support the Indian government's "Make-in-India" program, the collaboration will aim to develop eco-friendly high-speed vessels, river-sea cargo vessels, passenger vessels, dredgers, and other watercraft for inland waterways and coastal shipping.
CSL has recently incorporated a joint venture company called HCSL (Hooghly Cochin Shipyard Limited) at Kolkata, West Bengal, with plans of setting up an exclusive facility for construction and repair.