GRSE and HSL said the consortium will draw on the strengths of both shipyards and support the national goal of expanding indigenous shipbuilding capacity.
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Garden Reach Shipbuilders & Engineers (GRSE) and Hindustan Shipyard Limited (HSL) have signed a memorandum of understanding (MoU) to form a consortium for a national shipbuilding programme. The agreement was signed in Kolkata on Monday.
According to the company’s regulatory filing, the partnership aims to undertake the construction of maritime platforms and support the development of India’s maritime infrastructure and operational capability.
The companies said the collaboration will contribute to technological self-reliance in line with the country’s shipbuilding objectives.
The MoU was signed by Cdr Shantanu Bose, IN (Retd.), Director (Shipbuilding) at GRSE, and Capt Ganti Venkateswarlu, IN (Retd.), Officiating Chairman and Managing Director at HSL, in the presence of senior officials from both organisations.
GRSE and HSL said the consortium will draw on the strengths of both shipyards and support the national goal of expanding indigenous shipbuilding capacity.
