Kerala govt, US firm in Rs 2,950 cr trawler project
By IANS |
Published on
Wed, Feb 3 2021 12:51 IST |
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Kerala govt, US firm in Rs 2,950 cr trawler project . Image Source: IANS News
Thiruvananthapuram, Feb 3 : The state-owned Kerala Shipping and Inland Navigation Company (KSINC) has entered into an association with US-based EMCC International for a Rs 2,950 crore project to manufacture deep sea fishing trawlers.
KSINC Managing Director N. Prasanth and EMCC president Shiju Vargheese signed a memorandum of understanding in this regard.
This is a follow-up to the understanding the state government had with EMCC during the Ascend 2020 investment seminar organised by the state government.
February 03, 2021
Will involve building 400 deep sea fishing trawlers, port development activities, among others Kerala Shipping and Inland Navigation Corporation (KSINC) has bagged one of the major work orders worth ₹2,950 crore from a US firm EMCC International for deep sea fishing.
The project, in which an MoU was singed between N Prasanth, Managing Director, KSINC, and Shiju Varghese, President, EMCC International, consist of building 400 deep sea fishing trawlers for the fishing communities and port development activities, among others.
Currently foreign trawlers are more in use in the State. This will be one of the largest foreign investment projects in the State and in the biggest work order in the history of KSINC, officials said.
KSINC ties up with U.S. firm
The Kerala Shipping and Inland Navigation Corporation (KSINC) has tied up with U.S. firm EMCC International India Pvt Ltd. for a ₹2,950-crore project for deep sea fishing.
This is the biggest work order that the KSINC has received and is one of the biggest FDI schemes in Kerala, said Prasanth N, MD of KSINC. He and Shiju Varghese, president of the U.S. firm, inked the MoU here on Tuesday.
The MoU was inked on the basis of an agreement between the U.S. firm and the State government at Ascent 2020 investment meet. It involves construction of trawlers worth ₹400 crore by the firm in tandem with KSINC. Fishers now rely more on trawlers built outside India. Allied projects like development of harbours too will be taken up. Kerala’s fishing sector will leave an indelible mark once the scientifically-readied project becomes a reality.
Muziris Heritage Project inks deal with KSINC The number of hop-on hop-off boats that ferry heritage enthusiasts to historic locales in the Muziris region is set to increase, with the Muziris Heritage Project entering into a pact with the Kerala Shipping and Inland Navigation Corporation (KSINC) to procure four more such vessels and a rescue boat.
The locales were linked by six such AC boats and five smaller ones called water taxis. The four new ones that will be procured by July will be non-AC hop-on hop-off boats, each capable of carrying 25 passengers. Their height has been reduced so that low-lying bridges do not pose a hurdle. Another order for four more boats would be placed once the new boats arrived, said P.M. Noushad, managing director of the heritage project.
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Vessel will transport commuters and vehicles too on board
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The newly introduced container ro-ro ferry arrives at the Bolghatty island terminal on Monday.
| Photo Credit:
H. VIBHU
Vessel will transport commuters and vehicles too on board
A trial run of the proposed container roll-on roll-off (ro-ro) ferry service in the Willingdon Island-Bolghatty Island corridor was held on Monday, with one of the two vessels built at the Cochin Shipyard operating in the corridor.
City-based Kerala Shipping and Inland Navigation Corporation (KSINC), which operates a pair of ro-ro ferries in the Fort Kochi-Vypeen route, has been vested with the task of operating the two vessels, the capital cost of which was borne by the Inland Waterways Authority of India (IWAI). The container ro-ro ferry service will transport commuters and motorists too on board, unlike a private firm that ferried container-laden lorries on the corridor till it fell out with the Cochin Port