Dredging Corporation of India (DCI) signs the historic Ship Building Agreement.

Why in news?

• DCI and Cochin Shipyard signed an agreement to build India’s first domestically-manufactured high-capacity dredger.
• Dredging is the process of desiking river bodies, or removal of soil, mud, and dirt at the shores or the bottom.
• It will help in bringing down the logistic costs of cargos.
• DCI is a premier dredging organization catering to the dredging and allied services to Major Ports, Minor Ports, Indian Navy etc.
• Currently, 70% of our dredging requirement is for maintenance dredging (maintaining water bodies previously dredged), while the rest accounts for capital dredging (desilting for new projects).