New Delhi, Oct. 16 -- In a major boost to India's shipbuilding ambitions, French shipping giantCMA CGMhas placed a$300 million order withCochin Shipyard Limited (CSL)to buildsix LNG-powered container vessels, each with a capacity of1,700 TEUs.

This is thefirst time a leading global shipping companyhas commissioned container ships from anIndian shipyard, signalling global confidence in India's growing maritime manufacturing capabilities.

For Cochin Shipyard-best known for constructing India's first indigenously built aircraft carrier, INS Vikrant-the order is a landmark achievement.

The company recently partnered withHD Korea Shipbuilding & Offshore Engineering (KSOE)to enhance its technical and design expertise, which helped secure thi...