Chennai, Sept. 26 -- union Minister for Ports, Shipping and WaterwaysSarbananda Sonowal today inauguruated the India Ship Technology Centre(ISTC), established at the Indian Maritime University (IMU) Campus at Vizagat a cost of Rs. 305 crores.

It will be an agency responsible for the overall development of the capabilitiesof the Indian shipbuilding sector, he said, while delivering the Convocationaddress at the IMU here today.

The ISTC will provide a common platform for the shipbuilding industry byproviding access to common facilities, skilling of future personnel andproviding a productive ecosystem for ship design, R and D, engineeringcapabilities etc, he added.

"ISTC is set up at the Visakhapatnam Campus of IMU. This marks a newchapter ...