Cochin Shipyard Limited on Thursday announced it will acquire a 5% stake in Dehradun-based Maritech Integrated Maritime under its startup initiative, USHUS.
As per PTI reports, the company said it has set aside ₹50 crore for the programme, which is for supporting startups working in the maritime sector. The fund will be used for investment and related support activities.
Cochin Shipyard stated that the initiative is focused on encouraging technology-based projects connected to shipping, logistics, and port operations.
Maritech Integrated Maritime has developed the Integrated Maritime Exchange (IME), a digital platform linked to maritime trade and logistics services.
The platform connects businesses and service providers involved in shipping and port-related work. It covers areas such as cargo movement, logistics coordination, and access to maritime services through a single system.
According to the company, the platform is to reduce gaps in communication and improve coordination between different stakeholders in the sector.
For the implementation of the USHUS programme, Cochin Shipyard has tied up with IIMK LIVE and Indian Institute of Technology Madras.
The institutions are expected to support incubation and mentoring activities for startups selected under the programme.
The company said the initiative is in line with the government’s focus on startup development, local technology, and innovation in sectors such as maritime transport and logistics.
Shipping and logistics companies have increasingly been adopting digital platforms for documentation, cargo handling and operational tracking.
Maritime businesses are also looking at technology-based systems to improve coordination between ports, logistics operators and service providers. Digital tools linked to trade and transport operations have seen wider use across the sector in recent years.
As of May 22, 2026, 1:16 pm, Cochin Shipyard Ltd share price was trading at ₹1,536.20, up 0.34% from the previous closing price.
The investment adds to Cochin Shipyard’s efforts to support startups connected to maritime technology and logistics services through its USHUS programme.
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Published on: May 22, 2026, 3:11 PM IST
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