The approvals include a greenfield shipbuilding cluster on the western coast and financial support for one of Indiaās largest ship repair facilities. The Ministry of Ports, Shipping and Waterways (MoPSW) has accorded ināprinciple approval for a greenfield shipbuilding cluster in Porbandar district of Gujarat and a stateāofātheāart ship repair facility at the port town of...
Tag: Shipbuilding
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India Anchors $8 Billion Maritime Investment Wave
Bhavnagar event sees MoUs signed for new ports, shipbuilding clusters, green transport, and financing partnerships. Indiaās maritime sector is poised for a transformative leap, with potential investments totalling ā¹660 billion ($7.9 billion) inked at the recent āSamudra Se Samriddhi: Transforming Indiaās Maritime Sectorā event held on September 18 and 19 in Bhavnagar, Gujarat. According to...
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Cochin Shipyard Partners with HD Korea to Build Large Vessels, Invests Rs 18.7 Billion in Kochi Facility
CSL also signed a second MoU with Guidance, Tamil Naduās nodal investment agency, to catalyse the development of shipbuilding clusters and strengthen regional maritime infrastructure. Cochin Shipyard Ltd (CSL), Indiaās largest shipbuilding and maintenance facility, has signed a strategic memorandum of understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering to advance long-term collaboration in...
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SDHI Signs ā¹42.5 Billion Shipbuilding Pact with GMB, Partners with SMFCL to Advance Maritime India Vision
Anchored in Maritime India Vision 2030 and the Amrit Kaal Vision 2047, the agreements signal a strategic leap in infrastructure, skills, and global maritime competitiveness. Swan Defence and Heavy Industries (SDHI), Indiaās largest shipbuilding and heavy fabrication firm, has signed two strategic memoranda of understanding (MoUs) aimed at accelerating the countryās maritime manufacturing ecosystem. Inked...
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Foundamental Launches Third Construction-Tech Fund, Deepens India Focus Amid Global Expansion
The Berlin-based venture capital firm aims to close Fund IIIāanchored in the broader project economy of construction and infrastructureāby the end of calendar 2025. Berlin-based venture capital firm Foundamental has announced the launch of its third fund, reinforcing its commitment to India and the Asia-Pacific region while expanding its global footprint across construction, infrastructure, and...
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Guidelines for evaluating tenders for shipbuilding
The Government has issued guidelines for evaluating and awarding tenders for shipbuilding, dry-docking and ship repair works for government departments or agencies including public sector undertakings.
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Leading Leader
Tushar Mehendale is Managing Director of ElectroMech Material Handling Systems. Over the last 35 years, ElectroMech has developed a strong dedicated workforce of more than 500, and since 1999, Mehendale has been leading this team.
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Pipavav Shipyard begins construction of naval ship for Indian Navy
Nikhil Gandhi promoted Pipavav Shipyard, major private shipbuilding and offshore infrastructure company begins construction of defence naval ship for Indian Navy. This is the first time any private shipyard received a contract to build such naval ship for Indian Navy.
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India signs pact with Vietnam on cooperation in maritime sector
Recently, union shipping Minister GK Vasan signed an agreement with his counterpart in Vietnam for strengthening cooperation in the maritime sector between both the countries. Vasan signed the pact with Minister of Transport of the Socialist Republic of Vietnam Dinh La Thang during the former's six-day visit to the country
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Shipping firms may diversify into dredging sector
Experts suggest shipbuilding and shipping companies to diversify into dredging segment in order to cope with the slackness in cargo business. Shipyards are not getting new orders for ships from shipping companies owing to oversupply of fleet and slowdown in the international trade. Under this condition, shipyards may diversify into construction of dred