GRSE signs MoU with Kongsberg Maritime for licensed production of Water Jets in India

GRSE has signed an MoU Kongsberg Maritime, Finland with for co-production of indigenous Water Jets (WJs) of up to 3.5 MW
GRSE signs MoU with Kongsberg Maritime for licensed production of water jets in India
GRSE signs MoU with Kongsberg Maritime for licensed production of water jets in IndiaNAVTEJ

New Delhi: Garden Reach Shipbuilders and Engineers (GRSE) and Kongsberg Maritime (KM), Finland, signed a memorandum of understanding (MoU) for co-production of indigenous Water Jets (WJs) of up to 3.5 MW on Monday.

The MoU has been signed by GRSE's Chairman and Managing Director Cmde PR Hari IN (Retd), and Ottar Ristesund, SVP, Sales, Propulsion and Engines, Kongsberg Maritime (KM), in the presence of Vice Admiral Sandeep Naithani (AVSM, VSM) Chief of Materiel of Indian Navy.

Waterjet Propulsion Systems are extensively used onboard Indian Navy & Indian Coast Guard ships and therefore, this collaborative effort of GRSE & Kongsberg Maritime (KM) has huge market potential in the coming years.

Taking giant strides towards Aatmanirbharta, GRSE had earlier signed a MoU with Rolls Royce for co-production of high-speed Marine Diesel Engines. The shipyard has also recently signed a contract worth (Approx.) Rs 250 Crs for manufacture and supply of 30 MM Naval Surface Guns to the Indian Navy.

(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.)

logo
PSU Watch
psuwatch.com