Mazagon plans to set up design office
Mazagon Dock, which makes naval ships for defence, plans to set up a design office in collaboration with a foreign partner.
As a first step, Mazagon would float a bid to appoint a consultant to guide it through various stages of this business.
On looking for a foreign partner for collaboration, Krishnan said it would help Mazagon learn the latest in the field.
"We are looking for a foreign partner who is superior to us," he added.
In the past, Mazagon Dock was into offshore development. It has developed over 65 platforms for ONGC.
"We might re-enter offshore development," he said. Mazagon Dock, which has the biggest orderbook in the country for shipbuilding, has laid out a modernisation plan for Rs 500 crore by 2010. It is developing a wet basin.
At present, Mazagon can make six ships at a time. With the modernisation of the wet basin, it can make up to 10 ships at a time.
Mazagon is making six submarines for the Indian Navy, besides making a dredger for Dredging Corporation of India that can cut a rock in the water.
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