Cochin Shipyard Limited (CSL) has bagged contracts to construct gillnetting fishing vessels under the Centre's Blue Revolution Scheme. This is CSL's first entry into the fishing vessel construction segment.
CSL has signed contracts for construction of 16 tuna long lining & gillnetting fishing vessels under the diversification of trawl fishing boats from Palk Bay into deep sea fishing boats under the Blue Revolution Scheme with financial assistance from the Centre and the Tamil Nadu government.
A tripartite contract to this effect was signed and the steel cutting ceremony for these 16 vessels took place at CSL on Tuesday morning.
CSL, known for its capabilities in constructing big and high-end specialised vessels, wishes to bring in quality, modern and efficient products to this currently unorganised sector, thereby benefiting not only the fishing community but also partnering in the effort to sustain the ecology by promoting long lining & gillnetting activities as against the highly damaging trawling that currently exists in this space.
The current order for 16 boats comes under a pilot project by CSL as part of its attempt to venture into and understand the requirements of this sector. CSL is partnering with the Central Institute of Fisheries Technology (CIFT) in this endeavour with inspection under Indian Register of Shipping.
The proposed vessel will have a length of around 22 metres and will be provided with central and state subsidy of upto a maximum amount of 5.6 million (56 lakh) for selected beneficiaries of the Fisheries Department.