GRSE, Dempo sign MoU for collaboration to build commercial vessels

Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd and Dempo Group of Goa have signed a Memorandum of Understanding (MoU) for a collaboration to build commercial vessels on the west coast of the country.

The MoU has been signed between the two companies to collaborate to make vessels at three shipyards of Dempo at Goa and Bhavnagar in Gujarat.

Noteworthy, GRSE is attempting to diversify into commercial shipbuilding to capture a large market share in the construction of commercial vessels, both domestic as well as international.

Further, to be noted that the Kolkata-based GRSE has taken the maiden initiative in the country to make the public-private collaboration model a success story in warship building.

And, thus aligning the concept with the emerging commercial shipbuilding market, the Defence PSU is partnering with V S Dempo Holdings Private Ltd to share their shipbuilding resources with GRSE to build commercial vessels on the west coast of India.

The collaboration is expected to generate a very productive ecosystem, deriving strengths from each other’s expertise and leveraging capacities towards bagging more domestic and foreign shipbuilding orders.