Swan Defence, GRSE Sign Shipbuilding Pact
PORTS & SHIPPING

Swan Defence, GRSE Sign Shipbuilding Pact

In a major step toward strengthening India's indigenous shipbuilding ecosystem, Swan Defence and Heavy Industries Limited (SDHI) has signed a strategic Memorandum of Understanding (MoU) with Garden Reach Shipbuilders & Engineers Limited (GRSE). The MoU, formalized on April 7, 2025, at GRSE Bhavan, is aimed at jointly advancing commercial shipbuilding and offshore infrastructure for both domestic and global markets.

The collaboration will allow SDHI and GRSE to combine their strengths in design, infrastructure, and project execution to create a scalable and cost-effective model for commercial vessel construction. The agreement aligns with the Government of India’s Atmanirbhar Bharat initiative, focusing on self-reliance in strategic industrial sectors.

“This partnership paves the way for co-development of standard vessel platforms, coordinated project management, and sharing of shipbuilding infrastructure to reduce costs and turnaround times,” said an official spokesperson from SDHI.

The MoU also envisions development of a strong vendor base and supply chain ecosystem through shared sourcing and procurement strategies. An emphasis will be placed on skilling manpower, with the aim of supporting long-term growth in India’s maritime sector.

Additionally, the collaboration spans vessel trials, ship repairs, and infrastructure upgrades—laying the foundation for a sustainable and future-ready industrial model that drives economic growth and employment generation.

Swan Defence and Heavy Industries Limited—formerly Reliance Naval and Engineering Ltd—is India’s largest private shipbuilding and heavy fabrication company. Strategically located on the west coast, SDHI operates a state-of-the-art shipyard with a 662m x 65m dry dock and a fabrication capacity of 1,44,000 tons annually. The firm continues to play a pivotal role in India’s growing maritime economy and defence manufacturing landscape.

The partnership marks a key milestone in transforming India into a global shipbuilding hub.

In a major step toward strengthening India's indigenous shipbuilding ecosystem, Swan Defence and Heavy Industries Limited (SDHI) has signed a strategic Memorandum of Understanding (MoU) with Garden Reach Shipbuilders & Engineers Limited (GRSE). The MoU, formalized on April 7, 2025, at GRSE Bhavan, is aimed at jointly advancing commercial shipbuilding and offshore infrastructure for both domestic and global markets. The collaboration will allow SDHI and GRSE to combine their strengths in design, infrastructure, and project execution to create a scalable and cost-effective model for commercial vessel construction. The agreement aligns with the Government of India’s Atmanirbhar Bharat initiative, focusing on self-reliance in strategic industrial sectors. “This partnership paves the way for co-development of standard vessel platforms, coordinated project management, and sharing of shipbuilding infrastructure to reduce costs and turnaround times,” said an official spokesperson from SDHI. The MoU also envisions development of a strong vendor base and supply chain ecosystem through shared sourcing and procurement strategies. An emphasis will be placed on skilling manpower, with the aim of supporting long-term growth in India’s maritime sector. Additionally, the collaboration spans vessel trials, ship repairs, and infrastructure upgrades—laying the foundation for a sustainable and future-ready industrial model that drives economic growth and employment generation. Swan Defence and Heavy Industries Limited—formerly Reliance Naval and Engineering Ltd—is India’s largest private shipbuilding and heavy fabrication company. Strategically located on the west coast, SDHI operates a state-of-the-art shipyard with a 662m x 65m dry dock and a fabrication capacity of 1,44,000 tons annually. The firm continues to play a pivotal role in India’s growing maritime economy and defence manufacturing landscape. The partnership marks a key milestone in transforming India into a global shipbuilding hub.

Next Story
Real Estate

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

Next Story
Infrastructure Transport

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Next Story
Technology

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement