Cochin Shipyard to invest in deeptech platform Maritech

Cochin Shipyard on Thursday said it has signed an agreement to make a 5 per cent share capital investment in Dehradun-based deeptech platform Maritech Integrated Maritime under its flagship startup programme, USHUS.

Through strategic investments and collaboration with startups, the programme aims to nurture emerging technologies with the potential to strengthen India's maritime ecosystem.

CSL has earmarked a total corpus of Rs 50 crore under the USHUS programme to support and invest in various startups operating in the maritime sector, it said. The shipbuilder said it has partnered with IIMK LIVE and IIT Madras for the implementation of the programme.

The initiative is aligned with the central government's vision of promoting innovation, entrepreneurship, indigenisation, and the growth of technology-driven startups, Cochin Shipyard Ltd said.

Maritech Integrated Maritime has developed the Integrated Maritime Exchange (IME), a digital platform that connects maritime stakeholders and facilitates logistics- and port-related services.

IME has the potential to serve as a unified digital marketplace for the maritime sector, enhancing operational efficiency, transparency, and collaboration across the maritime value chain, CSL said. The platform can play a significant role in accelerating the digitalisation of maritime trade and logistics in India, it stated.

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