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Home News || Deep Sea Fishing American Company And Ksinc Signs Mou For Rs 2950 Cr Project

03-02-2021

DEEP SEA FISHING AMERICAN COMPANY AND KSINC SIGNS MOU FOR RS 2950 CR PROJECT

The project planned by EMCC promises to be a leap forward for the Fishing sector in Kerala. KSINC MD N Prasanth and EMCC International India Pvt Ltd President Shiju Varghese signed the MoU cum work order for this today.

The larger project is a result of the agreement between EMCC and the Government of Kerala made during the “Ascend 2020” investors meet held earlier by the State Government. The project will include building deep sea fishing trawlers and port development activities among others. EMCC plans to build 400 trawlers in Kerala with the help of KSINC. Currently foreign trawlers are more in use. When this scientifically planned project is implemented, there will be a complete Kerala touch to this sector.

KSINC will be providing all technical help to EMCC to build the trawlers. The cost of building one trawler of international quality and standards is around two crore rupees. EMCC intends to distribute the 400 trawlers to to the existing fishermen of the State. When these many trawlers return from fishing, there will be a shortage of berthing facilities in Kerala. So KSINC will offer technical assistance in building new harbours and renovating and expanding existing harbours. EMCC plans to open units in Kerala to process the fish harvested through these trawlers. Families of the fishermen will be given primacy in employment in these units. EMCC President Shiju Varghese said that processed food will be distributed through 200 outlets to be opened in Kerala and also exported to other countries as part of the project. One trawler will be given free to the Central Marine Fisheries Research Institute for research purposes with the aim of using CMFRI research developed methods for eco-friendly fishing. It is hoped that this can lead to doubling the income of fishermen communities. Hospitals for fishermen will also be setup as part of the project. The first one will be setup at Attingal in Thiruvananthapuram. N Prasanth said that this is the biggest manufacturing work order in the history of KSINC and would be a milestone in upgrading the manufacturing infrastructure of the company comparable to the leading ship yards.