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    Mazagon Dock Limited, India's premier warship building yard, has signed agreements to form joint ventures with private shipyards Pipavav Defence & Offshore Engineering Co. Ltd. and Larsen & Toubro to build surface warships and conventional submarines respectively, in order to enhance India's self-reliance in defence shipbuilding through partnerships that leverage both public and private sector strengths and capabilities.

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    Press-Release on JV

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    Mazagon Dock Limited, India's premier warship building yard, has signed agreements to form joint ventures with private shipyards Pipavav Defence & Offshore Engineering Co. Ltd. and Larsen & Toubro to build surface warships and conventional submarines respectively, in order to enhance India's self-reliance in defence shipbuilding through partnerships that leverage both public and private sector strengths and capabilities.

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    23 views1 page

    Press-Release On JV

    Uploaded by

    AraduF89
    Mazagon Dock Limited, India's premier warship building yard, has signed agreements to form joint ventures with private shipyards Pipavav Defence & Offshore Engineering Co. Ltd. and Larsen & Toubro to build surface warships and conventional submarines respectively, in order to enhance India's self-reliance in defence shipbuilding through partnerships that leverage both public and private sector strengths and capabilities.

    Copyright:

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    MAZAGON DOCK LIMITED ANNOUNCES JV WITH PRIVATE SHIPYARDS In order to enhance self-reliance in defence shipbuilding and producing state-of-the-art

    Naval vessels within the timelines and pricelines that are globally competitive, Government of India has issued guidelines for formation of JVs. Pursuant to this policy, Mazagon Dock Limited (MDL), the countrys premier warship building yard, has signed Share Holder Agreements (SHA) for setting up Joint Venture (JV) with private shipyards - M/s Pipavav Defence & Offshore Engineering Co. Ltd. (PDOECL), Mumbai, and M/s Larsen & Toubro, for construction of surface warships and conventional submarines

    respectively.

    2.

    The joint ventures will leverage the strengths of the respective JV

    partners in the public and private sectors to work out a collaborative strategy for taking the nation towards self sufficiency in warship construction.

    3.

    MDL may further explore the feasibility of diversifying its product

    profile by entering into partnerships with other eligible leading shipbuilders as well.

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