WMS to build ship for India Inland Waterways Authority
Western Marine Shipyard Limited (WMS) on Wednesday signed memorandum of understanding (MoU) with Shalimar Works Limited (SWL), Kolkata to build ships for Inland Waterways Authority of India (IWAI).
Under the MoU, WMS will build 60 inland ships as a part of a major programme undertaken by the West Bengal Government of India to restore and activate National Waterways-01 of India.
The MoU was signed in West Bengal Transport Club late on Wednesday, the Chittagong - based WMS told The Daily Observer on Thursday.
WMS Managing Director Sakhawat Hossain and SWL Managing Director Shomdeb Chottopadhay signed the MoU on behalf of their respective enterprises in presence of Transport Minister of West Bengal Shubhendru Odhikari, Transport Secretary Alapon Bondhopaddhay and Deputy High Commissioner of Bangladesh to India Toufik Hasan.
SWL is one of the oldest shipyards in India established privately in 1885 which was later taken over by the Government of West Bengal in 1980, since then the shipyard has been building various ships for India Navy. Recently IWAI awarded tender to SWWL for building 60 ships.
To achieve this SWL will be working jointly with WMS at 26 is to 74 per cent partnership while WMS will provide technical expertise and know-how to SWL, which will provide infrastructure support.
The deadweight tonnage (DWT) of the ships will vary from 600 DWT to 2500 DWT capacity and each will cost from Tk. 5.00 Crore to 20.00 Crore.
The Indian Government is also working to restore other 04 major National Waterways of India as IWAI has already taken initiatives to do so by next 10 years and eventually 600 ships will be required to operate in these routes to carry goods domestically.
Government of both the neighboring countries are hopeful that this venture will enhance bilateral trade between India-Bangladesh as India will gain from technology transfer and Western Marine will be able to contribute by earning more foreign revenue to Bangladesh.