GRSE and Medha Servo Drives ink MoU for joint production of advanced naval systems

New Delhi: In pursuance with its efforts towards developing state-of-the-art indigenous equipment & systems, Garden Reach Shipbuilders and Engineers (GRSE) Ltd has signed a memorandum of understanding (MoU) with Hyderabad-based Medha Servo Drives Pvt Ltd on Tuesday. The MoU has been signed for the joint manufacture of advanced electrical & electronic equipment and systems. Such equipment and systems, to be used both on naval and commercial platforms, will be manufactured under the joint brand name of Medha Servo Drives Pvt Ltd and GRSE.

PSU Watch is now on Whatsapp Channels. Click here to join

The MoU aims to synergise the vast experience and expertise of GRSE in shipbuilding and the integration of sophisticated systems on board vessels, and the extensive technological know-how of Medha Servo Drives Pvt Ltd in the field of electrical and electronic equipment. The items covered under the MoU include control and monitoring systems, electrical propulsion systems for marine applications and PGD components.

The MoU has been signed by GRSE's Chief General Manager (Innovation & New Technology) Cmde Rajiv Sreedharan, IN (Retd) and Medha Servo Drives Pvt Ltd's General Manager (Marketing) Vishwas Rajendra Moktali in the presence of GRSE's Chairman and Managing Director (CMD) Cmde PR Hari, IN (Retd); Director (Finance) RK Dash; Director (Shipbuilding) Cdr Shantanu Bose, IN (Retd); Director (Personnel) DIG Subrato Ghosh, ICG (Retd) and Senior officials of GRSE & Medha Servo Drives Pvt Ltd. This tie-up will be a major boost to the Government of India's Atmanirbharta and 'Make in India' initiatives.

GRSE has already delivered a record 109 warships to India's maritime defence forces. While warship building continues to remain GRSE’s mainstay, the company is also a pioneer in the field of portable steel bridges. GRSE has also diversified into fields such as ship repairs and refits and the manufacture of 30 mm Naval Surface Guns (NSGs). The shipyard also designs and builds specialised vessels, both for the domestic and international markets. Recently, GRSE signed a contract with the National Centre for Polar & Ocean Research (NCPOR) for the supply of an Ocean Research Vessel. The shipyard is also building a tug and dredger for Bangladesh and at least four multi-purpose vessels for a German company.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)