Cabinet approves ₹1,570 crore joint venture ship repair facility at Vadinar, Gujarat with Cochin Shipyard.
CSL to invest ₹920 crore in floating docks and operate facility; Deendayal Port to invest ₹650 crore in civil infrastructure.
Facility will repair vessels up to 300m length, addressing India's gap in large vessel repair capacity.
Project completion targeted within 36 months, expected to generate 290 direct and 1,100 indirect jobs.