Garden Reach Shipbuilders & Engineers Ltd. (GRSE), one of India’s leading shipbuilding companies, has set an ambitious revenue target of ₹10,000 crore by 2030. The target underscores GRSE’s strategic vision to significantly expand its market presence and enhance its role in India’s defence and maritime sectors.
The company, renowned for its expertise in building warships and other naval vessels, aims to leverage its strong order book and ongoing projects to achieve this goal. GRSE’s current order book includes the construction of advanced warships for the Indian Navy, which is expected to contribute substantially to its revenue growth in the coming years. The shipbuilder’s focus on innovation and commitment to delivering high-quality vessels is central to its long-term growth strategy.
As part of its expansion plans, GRSE is exploring opportunities in both domestic and international markets. The company has been actively seeking export orders, particularly from countries in Southeast Asia, Africa, and Latin America, where there is growing demand for naval and coast guard vessels. GRSE’s competitive pricing, coupled with its reputation for timely delivery and robust after-sales support, positions it well to capture a significant share of the global shipbuilding market.
To achieve its ₹10,000 crore revenue target, GRSE is also investing in upgrading its infrastructure and enhancing its production capabilities. The company is focusing on the adoption of advanced technologies, such as automation and digitalization, to improve efficiency and reduce production costs. These investments are expected to bolster GRSE’s ability to undertake complex shipbuilding projects and meet the stringent requirements of its defence and commercial clients.
The ambitious revenue goal aligns with India’s broader defence indigenization efforts, as the country seeks to reduce its reliance on foreign suppliers and develop a self-sufficient defence industrial base. GRSE’s contribution to these efforts is evident in its track record of delivering a wide range of vessels to the Indian Navy and Coast Guard, including frigates, corvettes, and patrol vessels.