Union Shipping, Highways and Transport Minister, Nitin Gadkari, has called for more private investments in the shipping sector. Investments will include aiding construction of indigenous variants of catamarans, hovercrafts and seaplanes. According to the Union Minister, the Kochi Shipyard has been asked to develop prototypes of such indigenous variants.
¨I have asked the Kochi Shipyard to develop these indigenous low cost sea faring vessels. Such vessels will come in three variants – 30, 50 and 90 seater,¨ he said. Each of these vessels may cost less than Rs 60 crore.
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