ParliamentPosted at: Jul 20 2016 9:12PM Cabinet nod to building new dry dock in Cochin ShipyardNew Delhi, Jul 20 (UNI) The Cabinet Committee on Economic Affairs today approved construction of a new dry dock within the existing premises of Cochin Shipyard Limited (CSL) at an estimated cost of Rs 1799 crore, to augment the shipbuilding / repair capacity of the country. The objective is to augment the shipbuilding/ ship repair capacity essentially required to tap the market potential of building specialised and technologically advanced large vessels such as Liquefied Natural Gas (LNG) vessels, Indigenous Aircraft Carriers of higher capacity, Jack up Rigs, Drill ships, large Dredgers and repairing of offshore platforms and larger vessels. This big sized dry dock is a critical requirement of CSL to promote ship building and is a step in the direction of "Make in India" initiative of the Government. Please log in to get detailed story.Tags: #Cabinet nod to building new dry dock in Cochin Shipyard