Four Indian yards clear expansion hurdle
India has moved four shipyard projects worth a combined INR20.45bn ($214m) through the in-principle approval stage under the country’s shipbuilding development scheme. The package covers Cochin Shipyard’s planned repair base at Vadinar, Swan Defence and Heavy Industries’ Pipavav upgrade, Titagarh Naval Systems’ Falta yard and MAT Marine’s Kakinada development. Cochin’s INR9.2bn project is the largest, …