"With a view towards the development of start-ups in the maritime domain, the Ministry of Ports, Shipping, and Waterways (PSW) is working on a Start-up Engagement Framework, which will be promulgated shortly," he added. have facilitated the growth of numerous start-ups in the country," said Sonowal. Many major initiatives, like "Start-Up India" etc. "The Government of India is keenly focused on the development of the Start-Up ecosystem in the country. CSL's initiatives on new technology and green solutions were also praised by the Minister. He felicitated CSL for its achievements over the last five decades, including the construction of the country's first Aircraft carrier, which propelled India into the elite group of nations in the world. Sonowal also inaugurated the Golden Jubilee Celebration of Cochin Shipyard Ltd, organised at the CSL Kochi.
The framework is likely to provide a platform for the young and talented entrepreneurs to develop the products/services in the marine space with financial support provided by Cochin Shipyard Limited. The start-up framework is envisaged to augment the Government of India's initiatives to develop an ecosystem in India for supporting the Maritime Start-ups from technical, regulatory, financial, and marketing points of view by bringing the stakeholders together. The Minister also unveiled the Start-up engagement framework of Cochin Shipyard Limited on the occasion of the inauguration of the Golden Jubilee celebrations of Cochin Shipyard Limited (CSL). Kochi (Kerala), May 1 (ANI): The Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal, on Sunday, announced that Cochin Shipyard Limited has committed to invest an initial corpus of Rs 50 crore in the Start-up companies engaged in the maritime sector.
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