Samsung Heavy Industries, a subsidiary of the South Korean Samsung Group, has signed a Memorandum of Understanding (MoU) with Swan Defence and Heavy Industries Limited (SDHI) to advance shipbuilding and maritime projects in the country, reports the Hindu Business Line.
Future of shipbuilding
Swan Defence and Heavy Industries Limited (SDHI) is India’s largest shipbuilding and heavy fabrication company, while Samsung Heavy Industries is a leading ship making company in South Korea. Both partners will jointly explore commercial shipbuilding and heavy engineering projects across domestic and international markets. As per the press note, the projects will encompass a wide range of commercial vessels, including tankers, gas carriers, container ships, and other specialized vessels.
“We are excited to partner with Samsung Heavy Industries, a global leader in shipbuilding. Our shared vision is to deliver enhanced value to customers and shape the future of shipbuilding through advanced technologies and strategic cooperation. We look forward to exploring new opportunities and strengthening this partnership in due course,” said Rear Admiral Vipin Kumar Saxena (retd.), CEO, Swan Defence and Heavy Industries.
According to the MoU, the collaboration will focus on next-generation vessel designs, green technologies, and digital shipbuilding methodologies. The partnership will focus on optimizing project execution through value engineering in production design and localizing material sourcing to reduce costs and enhance operational efficiency.
This collaboration marks a significant milestone in advancing India’s maritime capabilities and demonstrates the commitment of both companies to driving innovation, sustainability, and global competitiveness in shipbuilding.
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Source: The Hindu Business Line
