The partnership will infuse Rs3500 crore for capacity expansion at the shipyard
FinTech BizNews Service
Mumbai, September 20, 2025: In line with Prime Minister Shri Narendra Modi’s address at the ‘Samudra se Samriddhi’ event in Gujarat, Swan Defence and Heavy Industries Limited (SDHI) has shared two significant developments.
1. SDHI – GMB Landmark Rs4,250 Cr MoU (20th Sept 2025)
Swan Defence and Heavy Industries Limited (SDHI), India’s largest shipbuilding and heavy fabrication company, has signed a landmark Memorandum of Understanding (MoU) with the Gujarat Maritime Board (GMB) for a strategic investment of Rs4250 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 Rs4250 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 Rs3500 crore for capacity expansion at the shipyard, including slipway, jetties, additional cranes, block fabrication, and dredging. This will enhance the shipyard’s capacity to meet global as well as Indian shipbuilding demand.
A Rs200 crore world-class Centre of Excellence (CoE) for Maritime will come up at the shipyard to deliver a certified, industry-ready workforce of over 1,000 youth annually. The CoE will be equipped with state-of-the-art smart classrooms, specialized labs, advanced simulators, and design software systems to enable innovation in ship design, shipbuilding, and retrofits.
SDHI will also develop a 200-acre Maritime Cluster within the shipyard for an investment of Rs550 crores. The cluster will serve as a maritime hub for ancillary industries, suppliers, and support services to foster innovation, improve efficiency, boost local economy, and strengthen global trade.
2. SDHI – SMFCL MoU (20th Sept 2025
Swan Defence and Heavy Industries Limited (SDHI), India’s largest shipbuilding and heavy fabrication company, announced a strategic Memorandum of Understanding (MoU) with Sagarmala Finance Corporation Limited (SMFCL), India’s maritime-focused NBFC. Under the partnership, SDHI & SMFCL will jointly explore projects including newbuilds, ship repairs and ancillary maritime infrastructure for support under Maritime focused Equity Fund (MfEF).
The MoU covers four strategic areas across technical & commercial evaluation, financing, project execution, and ecosystem development to advance shipbuilding in line with Maritime India Vision 2030, PM Gati Shakti, and India’s goal of becoming a global shipbuilding leader.
