Domestic building of ships & dredgers to push "Make in India"

NEW DELHI: In an initiative to push the agenda of "Make in India", the government has decided that Cochin Shipyard will invest Rs 1,200 crore for facilities to make liquefied natural gas (LNG) carrier ships. Two more such vessels will be made in other shipyards.

"This will be the first-of-its-kind to be made in India. Each of these LNG carrier ships will cost approximately Rs 1,500 crore," shipping and road transport minister Nitin Gadkari said. These vessels can be used by the Gas Authority of India Ltd (GAIL).

Gadkari said the Cochin Shipyard will also undertake building of dredgers for Paradip port and Dredging Corporation of India in collaboration with foreign players. The first dredger would be around Rs 500 crore.

In another move to promote shipping industry, the ministry will come out with a comprehensive ship building scheme to encourage Indian shipyards to bag such orders and to meet domestic needs.

Highlighting the achievements of his ministry after 100 days of Narendra Modi government, Gadkari said India's waterways could contribute at least 2% cent to the country's GDP and a revolution is waiting happen in the next few years in this sector.

"We give subsidy to the polluting roadways and impose surcharges on the non-polluting water transport... developing the waterways is our top priority," he said. He said the government was planning to introduce sea-planes, water buses, hovercrafts and floating hotels and restaurants to connect coastal towns.

On the issue of sensitive Ram Sethu (Adam's Bridge) Gadkari said there is no question of breaking it and his ministry will take it to the Cabinet in the next one month.

http://timesofindia.indiatimes.com/followceleb.cms?alias=make in India,liquefied natural gas,GAIL,Cochin Shipyard

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