New Delhi: Garden Reach Shipbuilders & Engineers Limited (GRSE) has signed strategic MoUs as part of the ‘BANDHAN’ initiative at Aero India 2023, Bengaluru, that will help the shipyard boost its Shipbuilding and Ship Repair capabilities and identify and explore synergies and partnerships for the niche market in India and neighbouring countries.

GRSE has signed MoUs with Aerospace Engineers Pvt. Ltd, Central Institute Fisheries Technology, Dynatron, Keltron, Krasny Marine, Naval Group France, Rekise Marine Pvt. Ltd., Rolls Royce Solutions GmBH (MTU) and Tunga Aerospace Pvt. Ltd.

Business strategies being adopted by the shipyard include optimum utilization of shipyard capabilities, as well as capacity and cutting down costs for shipbuilding projects of the Indian Navy and Indian Coast Guard. Currently, GRSE is also exploring the non-defence shipbuilding market for constructing special-purpose ships.

GRSE is actively pursuing its goal to become an integral part of defence preparedness of the country aimed at self-reliance and has achieved more than 90 percent indigenization on its recent projects of anti-submarine corvettes and landing crafts. The company is a multidimensional engineering company ensuring high quality, at competitive prices. With a robust order book and continuous initiatives taken towards infrastructure and skill development along with the relentless pursuit of exports, GRSE is now poised to grow into a major shipbuilding company of the world and duly realize its vision ‘To become a World Class Shipbuilding & Engineering Company.’

Disclaimer: This story is a press release and is being published without any editing by the PSU Watch desk. Our editorial team has only changed the headline.

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