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Cochin Shipyard Limited has signed an agreement to acquire a 5 per cent stake in Dehradun-based startup Maritech Integrated Maritime under its startup initiative, USHUS. The investment is part of CSL’s INR 50 crore innovation fund aimed at supporting technology-led startups in the maritime sector. Maritech has developed the Integrated Maritime Exchange (IME), a platform designed to connect maritime stakeholders and simplify logistics and port-related services. The initiative supports the government’s broader focus on digitalisation, indigenisation and innovation in India’s maritime and logistics ecosystem.
Cochin Shipyard Limited said on Thursday that it has entered into an agreement to make a 5 per cent share capital investment in Dehradun-based deeptech startup Maritech Integrated Maritime through its flagship startup support programme, USHUS. Advertisement
The company said the programme has been designed to support emerging technologies and encourage innovation across India’s maritime sector through strategic investments and collaboration with startups. CSL has set aside a corpus of INR 50 crore under the initiative for investments in startups operating in the maritime and logistics space.
As part of the implementation of the programme, the public sector shipbuilder has partnered with IIMK LIVE and Indian Institute of Technology Madras to identify and support technology-driven ventures.
The company stated that the initiative aligns with the Centre’s broader push towards innovation, entrepreneurship, indigenisation and the development of technology-led businesses in the maritime ecosystem. In recent years, the government has increased its focus on digital infrastructure and domestic capabilities in shipping, logistics and port operations through multiple maritime development programmes.
Maritech Integrated Maritime has developed the Integrated Maritime Exchange (IME), a digital platform aimed at connecting different stakeholders in the maritime industry while streamlining logistics and port-related services. According to CSL, the platform has the potential to evolve into a unified digital marketplace for the sector.
The shipbuilder further said the IME platform could improve operational efficiency, transparency and coordination across the maritime value chain. The platform is also expected to support faster digital adoption in India’s maritime trade and logistics sector, where technology integration and process automation are becoming increasingly important.
Cochin Shipyard has been expanding its focus beyond conventional shipbuilding and repair activities by backing innovation-led initiatives linked to maritime infrastructure and technology. The latest investment reflects the company’s effort to strengthen the domestic maritime startup ecosystem while supporting digital transformation across the sector.
Source PTI
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