MoU20 Sept 2025, 01:11 pm
Swan Defence and Gujarat Maritime Board Ink Rs. 4,250 Crore MoU for India's Shipbuilding Sector
AI Summary
Swan Defence and Heavy Industries Limited (SDH) and the Gujarat Maritime Board (GMB) have signed a landmark Memorandum of Understanding (MoU) for a strategic investment of Rs. 4,250 crore. The partnership aims to modernize shipyard infrastructure, strengthen domestic supply chains, and build a sustainable talent pipeline for India’s maritime industry. The investment will be deployed across three key projects, including capacity expansion, a world-class Centre of Excellence (CoE) for Maritime, and a 200-acre Maritime Cluster within the shipyard.
Key Highlights
- Rs. 4,250 crore investment in Swan Defence and Heavy Industries Limited's shipyard in Pipavav Port, Gujarat
- Capacity expansion with slipway, jetties, additional cranes, block fabrication, and dredging
- Establishment of a world-class Centre of Excellence (CoE) for Maritime to deliver a certified, industry-ready workforce
- Development of a 200-acre Maritime Cluster within the shipyard to foster innovation and improve efficiency
- Alignment with the Maritime Amrit Kaal Vision 2047, ushering in a new era of growth, innovation, and global leadership for the Indian shipbuilding ecosystem