Swan Defence and Heavy Industries signs landmark MoU with Gujarat Maritime Board
India, Sept. 22 -- Swan Defence and Heavy Industries (SDHI) has signed a landmark Memorandum of Understanding (MoU) with the Gujarat Maritime Board (GMB) for a strategic investment of Rs 4250 crore. The partnership is set to modernize shipyard infrastructure, strengthen domestic supply chains and build a sustainable talent pipeline for India's maritime industry.This significant investment is a testament of SDHI's commitment toward India's maritime ambition. The Rs 4250 crore investment will be deployed across three key projects at the shipyard in Pipavav Port, Gujarat, that is home to India's largest dry dock, with capacity to build vessels up to 400,000 DWT.The partnership will infuse Rs 3500 crore for capacity expansion at the shipyard, i...
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