1 hr ago

GRSE Expands Shipbuilding Capacity and Targets Global Markets

GRSE is an Indian company that builds ships, including warships.

It wants to build more ships at the same time, increasing its capacity from 28 to 32 vessels.

The company is also starting to build more commercial ships for businesses.

Its non-defence work has grown from about 5% of its orders to 20–25%.

GRSE is building a new shipyard at Raichak in West Bengal.

It is also considering another facility in Gujarat.

The company has built ships for India and several other countries.

India wants to become one of the world’s leading shipbuilding nations.

Key facts

Current capacity: GRSE can construct 28 vessels concurrently and plans to raise this to 32.
India’s global goal: India aims to rank among the world’s top 10 shipbuilding nations by 2030 and the top five by 2047.
Shipbuilding record: GRSE has built more than 800 platforms, including 118 warships.
Non-defence orders: Non-defence work now represents about 20–25% of the order book, compared with around 5% five years ago.
Raichak investment: GRSE is developing a greenfield shipbuilding facility at Raichak with an investment exceeding Rs 2,500 crore.
MSME participation: Around 2,500 MSMEs are associated with GRSE, and they accounted for nearly 69% of domestic procurement in the previous year.
Indigenous content: Recent major warship projects have exceeded 85% indigenous content.

thehansindia.com · 2 hrs ago