MUMBAI: Hindustan Shipyard Limited (HSL) has signed a Memorandum of Understanding (MoU) with Kakinada Seaports Limited (KSPL) to develop shipbuilding capabilities at the latter’s premises and collaborate on major shipbuilding projects.
The MoU was signed at the International Conference on Marine Technology (INMARCO) by Rear Admiral Chandrasekharan Raghuram, VSM (Retd), Chairman and Managing Director of HSL, and K.V. Rao, Chairman and Managing Director of KSPL.
The agreement aims to strengthen cooperation between the two organisations by utilising existing maritime infrastructure and developing new opportunities in shipbuilding and allied activities.
Key Objectives of the HSL-KSPL MoU
Under the agreement, HSL and KSPL will work together to expand shipbuilding activities at the KSPL facility.
The key objectives of the partnership include:
- Infrastructure Utilisation and Development: Utilising and augmenting existing infrastructure at KSPL, including slipways and jetty facilities, to support shipbuilding activities by HSL.
- Joint Shipbuilding Projects: Developing collaborative approaches to identify and execute major shipbuilding projects by leveraging the expertise, strengths and resources of both organisations.
- Strengthening Shipbuilding Capabilities: Developing shipbuilding infrastructure and creating opportunities for expanding maritime and allied activities.
The collaboration is expected to help maximise the use of existing maritime infrastructure while creating additional capacity for shipbuilding operations.
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Partnership to Support India’s Maritime Ambitions
India’s growing shipbuilding ambitions require collaboration among various stakeholders, including shipyards, ports, regulators, designers, suppliers and financial institutions.
HSL’s partnership with KSPL reflects its approach of working with organisations that share a common national vision. By maximising the utilisation of existing maritime infrastructure, the collaboration aims to strengthen India’s shipbuilding ecosystem and create opportunities for the expansion of maritime activities.
The partnership also highlights the importance of cooperation between shipbuilding companies and port operators in developing capabilities and supporting the country’s long-term maritime growth.
Focus on Expanding Maritime Capacity
HSL stated that the MoU represents a shared commitment to expanding India’s maritime capacity and supporting the future of the Indian Ocean sector.
Through this collaboration, both organisations aim to make better use of available infrastructure, strengthen operational capabilities and contribute to the development of India’s shipbuilding industry.
The initiative is expected to support greater cooperation in shipbuilding and allied maritime activities while reinforcing the importance of infrastructure-led growth in the sector.
About Hindustan Shipyard Limited (HSL)
Hindustan Shipyard Limited (HSL) is a public sector shipyard under the Ministry of Defence, Government of India. Based in Visakhapatnam, HSL undertakes shipbuilding, ship repair and submarine-related activities and provides engineering and maintenance services for defence and commercial vessels.
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