Cochin Shipyard Ltd and Drydocks World Form Joint Venture To Strengthen India’s Ship Repair Industry

Cochin Shipyard Limited (CSL) and Drydocks World (a DP World company) have signed a 50:50 joint venture agreement to operate and expand the International Ship Repair Facility (ISRF) in Cochin. Signed on the sidelines of the BRICS Summit 2026, the partnership represents a public-private collaboration in India's ship repair sector. The joint venture combines CSL's domestic capabilities and skilled workforce with Drydocks World's global expertise in high-end vessel maintenance, conversions, and offshore engineering. The initiative aims to serve regional and global demand, attract foreign investment, and align with India's broader maritime goals under the Maritime Amrit Kaal Vision 2047.