Friday, June 13, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Indian Defense Shipyards eye global orders; on modernization spree

Fiinews by Fiinews
May 24, 2015
in Investment, Projects
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Indian shipyards are in a modernization spree and are eyeing international projects of repute that will firmly put them on the global marine map. Their initiatives assume importance as they come at a time when the central government has initiated the ‘Make in India’ drive and the Prime Minister Narendra Modi has just returned after visiting one of the world’s largest shipyards in Ulsan, South Korea, belonging to Hyundai Heavy Industries.
India’s Garden Reach Shipbuilders & Engineers or GRSE is aiming to build two Frigates for the Philippine Navy and supply patrol vessels for Vietnam Board Guards. Separately, Goa Shipyard Ltd., or GSL’s international order book includes building two vessels for Sri Lanka to be delivered from 2017 onwards.
GRSE has also initiated dialogue and continues to explore business opportunities in developing nations of North Asia, Africa, the Middle East and Latin America.
In its efforts to bag the contracts, the company will be participating in two international tenders, where it is competing with European and South Korean yards. These are part of company’s export initiatives, said R. C. Nautiyal, Director at GRSE, one of the leading shipyards under the Ministry of Defence.
“GRSE is the only Indian shipyard to have qualified for these international tenders,” Nautiyal said at the recent International Maritime Defence Exhibition (IMDEX Asia 2015) in Singapore.
Participation in these global tenders comes close on the heels of GRSE’s export of warships to Mauritius in December last year. Buoyed by the positive global response to its maritime and naval vessels, GRSE is focusing on export markets for Landing Ship Tank, Fast Attack Crafts, Offshore Patrol Vessels, Inshore Patrol Vessels and Portable Bridges, Nautiyal said.

MODERNIZATIION & ADVANCED PROJECTS
Meanwhile, GRSE, along with Mazagon Dock Ltd, or MDL and GSL are in various phases of modernization and building a large number of vessels for Indian defense.
A seven-vessel project is being undertaken at the two shipyards and is in various stages of planning and implementation with the first frigate to be delivered in the next five years.
It would be one of the most advanced marine project for which the Indian shipyards plan to seek collaboration for technology with international shipyards, specializing in building high-tech defense systems.
“We will collaborate to gain from technology transfer with international shipyards but we are also technically qualified and in a good position to do projects for other countries,” said Rakesh Anand, director of corporate planning at MDL.
Anand said MDL needs to keep updated with advanced technologies through interaction with international shipbuilders for making high-end products and keep abreast with the global maritime industry.
In the past MDL has also undertaken commercial projects and delivered multi-support vessels to global oil companies as well as hydrocarbon exploration rigs to the Indian oil and gas enterprises.
Goa’s GSL is undertaking a massive upgradation and modernization program at a cost of almost INR8 billion, GSL director of operations, Shrihari Pai Raikar, said. “With this modernized facility in place, the shipyard’s vessel building and repair capacity will increase multifold,” he said.
GSL will be able to undertake construction of one of the most advanced vessels for India called Mine Counter Measure Vessels, Raikar pointed out.

fii-news.com

ShareTweetShare

Related Posts

Suzlon
Projects

Project: Renewable must strengthen industries

by Fiinews
June 13, 2025
0
11

Tanti to foster Government-industry collaboration Renewable energy must drive India’s growth, not just by reducing emissions, but by creating jobs,...

IREDA
Investment

Invest: IREDA raises Rs.2,005.9cr of Green Finance

by Fiinews
June 13, 2025
0
16

Capital for scaling financing activities Indian Renewable Energy Development Agency Ltd (IREDA) has raised Rs.2,005.90 crore through a Qualified Institutions...

PIB

Project: India updates UN on Blue Economy

June 12, 2025
13
WBCSD

Project: India’s role in global transition efforts

June 12, 2025
18
Swissmem Academy

Invest: Swiss businesses invited to India

June 12, 2025
14
Keel Laid For Ngopv At Gsl

Project: NGOPV keel laid at GSL

June 11, 2025
14
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: US insurance companies adding AI
  • Tech: Volvo selects HCLTech’s engineering services
  • Market: Small businesses in cautious phase
  • Manufacturing: TDB supports Clearsynth project
  • Tender: NHAI restrict projects per engineer

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.