Cochin Shipyard signs MoU with Govt

Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with the Government of India for the financial year 2016-17. The MoU broadly consists of the performance evaluation parameters and targets for Cochin Shipyard for the ensuing year, which will be reviewed by the ministry on a regular basis and the performance of the PSU would be evaluated and ratings awarded at the end of the financial year. The targets agreed in the MoU are in line with the aggressive growth plans of CSL in line with the Ministry of Shipping´s ambitious plans and the Government of India´s ´Make in India´ policies.