KSINC buys 2,950 crore order from US company for deep sea fishing project
Kerala Shipping and Inland Navigation Corporation (KSINC) bagged one of the major work orders worth 2,950 crore from US company EMCC International for deep sea fishing.
The project, in which a Memorandum of Understanding has been signed between N Prasanth, Managing Director, KSINC, and Shiju Varghese, President, EMCC International, involves building 400 deep sea fishing trawlers for fishing communities and fishing activities. port development, among others.
Currently, foreign trawlers are no longer used in the state. It will be one of the largest foreign investment projects in the state and the biggest working order in KSINC’s history, officials said.
Read also Budget announces major investments to develop fishing ports and landing centers
The project is the culmination of the agreement reached between EMCC and the state government at the “Ascend 2020” investor meeting held earlier.
KSINC will provide technical assistance and give full responsibility to EMCC to build the trawlers. The cost of building a trawler of quality and international standards is estimated to be around ₹ 2 crore. The 400 trawlers to be built will be handed over to state fishermen. The company will build new ports and renovate existing ports to accommodate these trawlers given the shortage of berthing facilities for these trawlers.
The EMCC will also open units to process the fish harvested by these trawlers. The processed foods will be sold in both domestic and foreign markets, Varghese said.
Read also: Mistreated by bad weather, the seafood sector seeks help from the Center
According to Prasanth, the project is expected to generate more than 2,500 jobs in the state. It was also decided to donate a trawler free of charge to the Central Institute for Marine Fisheries Research for research purposes with the aim of using the methods developed by CMFRI research for environmentally friendly fishing. It was also proposed to establish hospitals for fishermen as part of the project and the first in Attingal.