Sri Lankan shipbuilder Colombo Dockyard is pursuing Indian contracts through a new agency agreement.

It has said it is teaming up with Mumbai-based TW Ship Management (TWSM) to represent it, Market Line reported.

The offshore vessel specialist added that the Indian market had always been one of its major territories.

It called TWSM “a well-respected and established operation with an expansive reach across entire India which will give it the much needed penetration in this highly competitive industry.”