Visakhapatnam: Dredging Corporation of India (DCI) has signed an agreement with the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairy Industry to develop fishing ports, reservoirs, ponds and other water schemes. water across India through dredging and other marine activities.
The Managing Director and CEO of DCI signed the agreement on Friday in the presence of Jatindra Nath Swain, Secretary of the Ministry of Fisheries and J Balaji, Joint Secretary in New Delhi.
Speaking on the occasion, Prof Dr Victor said the deal will provide a huge opportunity for DCIL to venture into long-term contracts with the States and the Center to develop and maintain the fishing port. Also, it opens up a new business vertical for DCI by hitting its revenue of Rs 1,000 Crore for FY 2022-23.
Further, Prof. Victor said that the earlier Memorandum of Understanding was signed between DCIL and the Director of Fisheries of Gujarat State Government. And the related works have already started at the fishing port of Mangrol Rock Dredging and thus allow the DCI to qualify for all future rock dredging projects.
Dredging Corporation of India Limited (DCIL), Visakhapatnam, a leading dredging organization in India, provides dredging and related services to major ports, minor ports, Indian Navy, fishing ports and d other shipping organizations by deepening and maintaining a safe shipping channel for EXIM Activities.