Swan Defence and Heavy Industries (SDHI) won a USD 227 million contract from European shipowner Rederiet Stenersen AS to build six 18,000 DWT chemical tankers in Gujarat, marking India’s first chemical tanker order and one of its largest commercial shipbuilding deals
The Andhra Pradesh government plans to establish a Naval Systems and Shipbuilding Cluster along the Vizag–Srikakulam corridor under its Aerospace and Defence Policy 2025–2030. CM Naidu discussed defence collaboration, coastal tourism, and industrial investments with the Eastern Naval Command and foreign investor
Prime Minister Narendra Modi highlighted India’s dependence on foreign nations as its biggest challenge, advocating self-reliance in sectors from semiconductor chips to shipping. He announced major reforms and investment plans to strengthen India’s maritime industry and overall economic independence
