FilingReader Intelligence

GRSE expands maritime presence with five MoUs

September 20, 2025 at 08:09 AM UTCBy FilingReader AI

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) announced the signing of five memorandums of understanding (MoUs) with strategic partners to bolster its presence in the shipbuilding, port, and infrastructure sectors. These agreements, formalized on September 20, 2025, are a direct response to India's "Maritime Amrit Kaal Vision," which aims for the nation to be among the top five shipbuilding countries by 2047.

The MoUs were signed with Deendayal Port Authority, Kandla; Syama Prasad Mookerjee Port Authority, Kolkata; Indian Port Rail & Ropeway Corporation Limited; The Shipping Corporation of India; and Modest Infrastructure Private Limited. These collaborations will establish a framework for joint projects covering newbuild construction, including green and low-emission vessels, ship repair, and the development and maintenance of critical port infrastructure.

GRSE's chairman & managing director, Cmde PR Hari, IN (Retd.), highlighted that these MoUs represent a "concrete step" towards creating an integrated ecosystem where shipyards, ports, operators, and infrastructure partners can work in unison. The initiatives will also focus on constructing green tugs as per GTTP specifications, along with multimodal logistics and last-mile connectivity solutions for ports and terminals.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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