SriLanka, April 26 -- Colombo Dockyard PLC (CDPLC) is set to boost Sri Lanka's export earnings from the shipbuilding sector, supported by a strategic majority stake held by Mazagon Dock Shipbuilders Limited (MDL), alongside a new order book from France and India, its MD/CEO, Thimira S. Godakumbura, told Sunday Observer Business.

MDL, which holds over 51% of CDPLC, brings extensive experience in complex shipbuilding and is widely recognised in India as "Shipbuilders to the Nation".

"With these new investments, we are strategically turning around the company through technology infusion and renewed shipbuilding and repair orders," Godakumbura said.

He said the strengthened partnership positions CDPLC to play a more prominent role in advan...