Context: The Indian government has announced a ₹7,500 crore project for the renovation and modernization of Cochin Port, one of the critical ports for the country’s economy.
The project aims to make Cochin a global hub for fish trade and is funded through the PM Matsya Sampada Yojana-Blue Revolution program and the Sagarmala scheme. The project is part of India’s efforts to achieve ₹1 lakh crore worth of exports from the fisheries sector by 2024-25.
Cochin Port is a major port on the Arabian Sea – Laccadive Sea – Indian Ocean Sea route in the city of Kochi and is one of the largest ports in India. It is also the first and largest transhipment port in India. The port lies on two islands in the Lake of Kochi: Willingdon Island and Vallarpadam, towards the Fort Kochi River mouth opening onto the Laccadive Sea. Cochin Shipyard is the largest shipbuilding as well as maintenance facility in India.