Financial Ports

India’s Ship Repair Sector Gets $500m Boost with UAE-India JV in Cochin

CLAVE 1 / 450:50 joint venture between Drydocks World and Cochin Shipyard to operate and expand the International Ship Repair Facility (ISRF) in Cochin.

CLAVE 2 / 4Partnership aims to create additional capacity to service a wider range of vessels, strengthening India’s maritime competitiveness.

CLAVE 3 / 4Agreement signed on 11 September 2026 during the BRICS Summit in New Delhi.

CLAVE 4 / 4The venture marks India’s first public-private partnership in the ship repair sector.

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