Joint Venture20 Sept 2025, 01:40 pm
Swan Defence and Heavy Industries Partners with Sagarmala Finance for Shipbuilding Financing Support
AI Summary
Swan Defence and Heavy Industries Limited (SDH) and Sagarmala Finance Corporation Limited (SMFCL) have entered into a strategic Memorandum of Understanding (MoU) to explore projects including newbuilds, ship repairs, and ancillary maritime infrastructure for support under the Maritime focused Equity Fund (MfEF). The partnership aims to advance shipbuilding in line with Maritime India Vision 2030, PM Gati Shakti, and India’s goal of becoming a global shipbuilding leader. It will drive adoption of advanced, sustainable shipbuilding technologies, promote localisation of supply chains, and develop a financing plan covering capital structure, equity, debt, and credit enhancements.
Key Highlights
- Swan Defence and Heavy Industries Limited (SDH) and Sagarmala Finance Corporation Limited (SMFCL) sign MoU for shipbuilding financing support under the Maritime focused Equity Fund (MfEF)
- The partnership aims to advance shipbuilding in line with Maritime India Vision 2030, PM Gati Shakti, and India’s goal of becoming a global shipbuilding leader
- The partners will jointly explore projects including newbuilds, ship repairs, and ancillary maritime infrastructure
- The partnership will drive adoption of advanced, sustainable shipbuilding technologies and promote localisation of supply chains
- A financing plan covering capital structure, equity, debt, and credit enhancements will be developed