Cochin Shipyard Limited (CSL) has entered into an agreement to take a 5% equity stake in Dehradun-based deeptech company Maritech Integrated Maritime. The investment is part of its startup initiative called USHUS.
The programme is designed to support early-stage companies working on technologies that can improve India’s maritime sector. CSL plans to use strategic funding and partnerships with startups to help develop solutions that strengthen the broader maritime ecosystem.
Under USHUS, CSL has set aside a ₹50 crore fund dedicated to investing in and supporting startups in the maritime space. For implementation, the company is working alongside IIMK LIVE and IIT Madras.
According to CSL, the initiative fits with the government’s broader push to encourage innovation, local technology development, entrepreneurship, and growth of tech-driven startups in India.
Maritech Integrated Maritime has built a digital system called the Integrated Maritime Exchange (IME). This platform links different players in the shipping and port industry and helps manage logistics and related services more efficiently.
CSL said IME could function as a unified digital marketplace for maritime operations, improving transparency, coordination, and efficiency across the entire value chain. It also sees the platform as a step toward faster digital transformation of maritime trade and logistics in the country.
