A Memorandum of Understanding (MoU) between Indian Navy, Naval Ship Repair Yard (NSRY), Kochi and CODISSIA (Coimbatore District Small Scale Industries Association) Defence Innovation and Incubation Centre (CDIIC) was signed at Coimbatore on 28 Oct 2020.
Rear Admiral Deepak Bansal, VSM, Admiral Superintendent NSRY (Kochi) and Shri V Sundaram, Director CDIIC signed the MoU on behalf of Indian Navy (NSRY, Kochi) and CDIIC.
The MoU will foster cohesive involvement of both parties and help in solving problems projected by NSRY harnessing Government of India initiative of Atal Innovation Mission, which has been conceived to encourage innovation and technology development by engaging
MSMEs, Start-ups and Research and Development Institutions and academia. The MoU allows NSRY to use world class facilities of MSMEs based in Coimbatore for hardware development, material testing and analysis and obsolescence mitigation programmes in respect of legacy equipment.
In addition to this, the Yard would be exposed to new manufacturing techniques, Industrial Safety and Quality Assurance which are being pursued by modern MSMEs. These would be vital for the yard especially as it is poised for major expansion in the wake of an enhanced charter.
CODISSIA is a body comprising more than 2000 MSMEs, with an objective to promote and protect SSIs in Coimbatore. The Naval Ship Repair Yard, began as an Electrical and Engineering Workshop in 1945 to support a small flotilla of Royal Indian Naval Ships based at Kochi.
After the nation’s Independence, it was renamed as Base Repair Organisation (BRO) in 1948. With the induction of new ships and enhanced tasking, the BRO was later rechristened as ‘Naval Ship Repair Yard (NSRY)’ in 1988. 
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