Swan Defence, Garden Reach sign deal for commercial shipbuilding

Swan Defence and Heavy Industries, a key private player in commercial & defence shipbuilding, ship repairs and heavy fabrication, signed a memorandum of understanding (MoU) with Garden Reach Shipbuilders & Engineers (GRSE).

"The MoU marks a significant milestone in strengthening India’s indigenous commercial shipbuilding ecosystem. The collaboration is in line with the Government’s vision of Atmanirbhar Bharat and reinforces Swan’s commitment to building world-class maritime infrastructure in the country," says an official release from Swan.

The partnership aims to jointly pursue opportunities in the construction of commercial vessels and offshore structures, with an eye on catering to both global markets and domestic maritime demands, the release added. "The association will allow Swan Defence and GRSE to combine their capabilities in design, infrastructure, and project execution to create a robust and scalable model for commercial shipbuilding. This MoU is also expected to facilitate the sharing of facilities, co-development of standard vessel platforms, and coordinated project management strategies to enable faster turnaround and greater cost-efficiency."

The partnership also envisions the evolution of a strong vendor and supply chain ecosystem, driven by shared sourcing and procurement efficiencies. Both companies have agreed to work together not only on the construction front but also in areas such as vessel trials and ship repair - laying the foundation for a sustainable and comprehensive model of industrial cooperation, the release added.