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Swan Defence & Heavy Industries has signed a deal with Samsung Group’s arm Samsung Heavy Industries to boost shipbuilding & maritime projects in the country.
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.
FYI: this deal makes it the second top South Korean shipbuilder to forge a tie-up with an Indian shipyard in the last few days.
Breaking it down: under this partnership, the two companies will work together on shipbuilding and heavy engineering projects in India and abroad. They plan to make different types of ships, including tankers, gas carriers, container ships, and specialised vessels.
The focus will be on modern, eco-friendly ship designs and using digital technology to improve shipbuilding. They also aim to cut costs and speed up projects by improving designs and sourcing more materials locally.
Why it matters: the deal comes amid India’s accelerating maritime growth, just weeks after the government announced nearly ₹70,000 crore schemes to position the country as a global shipbuilding hub.
Big theme: globally, shipbuilding is moving toward green technologies and digitalisation, and this partnership ensures India isn’t left behind. In the long run, it strengthens India’s ambition to become a serious competitor to global shipbuilding hubs like China, Japan, and South Korea.
