Swan Defence Holdings India (SDHI) saw its shares rise 5% in early trade after signing a landmark Memorandum of Understanding (MoU) with the Gujarat Maritime Board (GMB) for a strategic investment of ₹4,250 crore. The partnership is set to modernize shipyard infrastructure, strengthen domestic supply chains, and build a skilled talent pipeline, boosting India’s maritime industry.
The investment will be deployed across SDHI’s Pipavav Port shipyard in Gujarat, home to India’s largest dry dock capable of building vessels up to 400,000 DWT. The plan includes a ₹3,500 crore capacity expansion, enhancing slipways, jetties, cranes, block fabrication facilities, and dredging to meet both domestic and global shipbuilding demand.
Additionally, SDHI will establish a ₹200 crore world-class Centre of Excellence for Maritime, which will train over 1,000 youth annually using smart classrooms, specialized labs, advanced simulators, and design software to foster innovation in ship design, construction, and retrofits. The company will also develop a 200-acre Maritime Cluster with an investment of ₹550 crore, creating a hub for ancillary industries, suppliers, and service providers, which will boost local economic growth and strengthen India’s global maritime trade presence.
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