🚢 State leases land to Cochin Shipyard for big project
The State government has approved leasing 18.16 acres at Ramanthuruth to Cochin Shipyard Limited. This deal was announced by Chief Minister V.D. Satheesan in Thiruvananthapuram on Tuesday. CSL plans to invest ₹5,000 crore, which is expected to create about 2,000 direct jobs. The government will earn an annual lease amount of ₹1.45 crore from this island land. This project is set to boost the State’s shipbuilding industry and attract more investment. 🚢