India, Norway Firms Sign Maritime MoUs in Oslo
ECONOMY & POLICY

India, Norway Firms Sign Maritime MoUs in Oslo

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, witnessed the signing of several Memoranda of Understanding (MoUs) and a Memorandum of Intent (MoI) between Indian maritime firms and global partners at the Nor-Shipping 2025 event in Oslo. These agreements signal deeper cooperation in shipbuilding, offshore infrastructure, sustainable shipping, and digital maritime technologies.
A major highlight was the MoI between Garden Reach Shipbuilders & Engineers Ltd (GRSE) and Germany’s Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG for the construction of four additional 7,500 DWT multi-purpose vessels. These hybrid-propulsion vessels will conform to the latest cyber security standards and follow an earlier order for eight such vessels currently under construction at GRSE’s Kolkata yard.
GRSE also inked MoUs with Aries Marine LLC (UAE) for collaboration on offshore platforms and vessels, and with a global engine manufacturer for technical cooperation.
At the Norway Pavilion, Larsen & Toubro (L&T) signed a multi-sectoral MoU with Norwegian classification society DNV, covering shipbuilding, port infrastructure, energy systems, ESG services, cybersecurity, and digital maritime platforms.
Speaking at the event, Minister Sonowal praised the Indo-Norwegian partnership, calling it “a symbol of shared maritime tradition and sustainable development goals.” He noted, “Under Prime Minister Shri Narendra Modi’s leadership, India’s maritime sector is transforming through flagship initiatives like Sagarmala, promoting modern ports, green shipping, and port-led industrial growth.”
He also highlighted India’s efforts in green port development, low-emission shipping, ship recycling, and the creation of green shipping corridors, all under the framework of the India-Norway Task Force on Blue Economy. Sonowal called for expanded cooperation in offshore wind energy, maritime digitalisation, and sustainable port development to strengthen the Indo-Pacific maritime ecosystem.
The Minister is leading a delegation of key Indian maritime firms, including both large players and MSMEs, such as L&T Shipbuilding, Goa Shipyard Ltd, Cochin Shipyard Ltd, GRSE, Yeoman Marine Services, Chowgule Shipbuilding, Synergy Shipbuilders, Swan Defence & Heavy Industries, and Marine Electricals, among others.
These strategic partnerships aim to accelerate India’s ambitions in the global maritime sector by leveraging technological innovation, sustainability, and bilateral cooperation.

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, witnessed the signing of several Memoranda of Understanding (MoUs) and a Memorandum of Intent (MoI) between Indian maritime firms and global partners at the Nor-Shipping 2025 event in Oslo. These agreements signal deeper cooperation in shipbuilding, offshore infrastructure, sustainable shipping, and digital maritime technologies.A major highlight was the MoI between Garden Reach Shipbuilders & Engineers Ltd (GRSE) and Germany’s Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG for the construction of four additional 7,500 DWT multi-purpose vessels. These hybrid-propulsion vessels will conform to the latest cyber security standards and follow an earlier order for eight such vessels currently under construction at GRSE’s Kolkata yard.GRSE also inked MoUs with Aries Marine LLC (UAE) for collaboration on offshore platforms and vessels, and with a global engine manufacturer for technical cooperation.At the Norway Pavilion, Larsen & Toubro (L&T) signed a multi-sectoral MoU with Norwegian classification society DNV, covering shipbuilding, port infrastructure, energy systems, ESG services, cybersecurity, and digital maritime platforms.Speaking at the event, Minister Sonowal praised the Indo-Norwegian partnership, calling it “a symbol of shared maritime tradition and sustainable development goals.” He noted, “Under Prime Minister Shri Narendra Modi’s leadership, India’s maritime sector is transforming through flagship initiatives like Sagarmala, promoting modern ports, green shipping, and port-led industrial growth.”He also highlighted India’s efforts in green port development, low-emission shipping, ship recycling, and the creation of green shipping corridors, all under the framework of the India-Norway Task Force on Blue Economy. Sonowal called for expanded cooperation in offshore wind energy, maritime digitalisation, and sustainable port development to strengthen the Indo-Pacific maritime ecosystem.The Minister is leading a delegation of key Indian maritime firms, including both large players and MSMEs, such as L&T Shipbuilding, Goa Shipyard Ltd, Cochin Shipyard Ltd, GRSE, Yeoman Marine Services, Chowgule Shipbuilding, Synergy Shipbuilders, Swan Defence & Heavy Industries, and Marine Electricals, among others.These strategic partnerships aim to accelerate India’s ambitions in the global maritime sector by leveraging technological innovation, sustainability, and bilateral cooperation.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->