Overview

• Samsung Heavy Industries signed a memorandum of understanding with Swan Defense and Heavy Industries in Gujarat to collaborate on shipbuilding and offshore engineering.
• The partnership covers engineering, procurement and project management across a wide range of ocean projects.
• SDHI operates India’s largest dry dock and accounts for roughly 30% of national shipbuilding capacity, including facilities capable of building very large crude carriers.
• Samsung said it will expand operations in India over time, using the SDHI yard as a foothold to serve the country’s growing maritime logistics market.
• India is engaging foreign shipbuilders to produce vessels locally as it targets a top‑five global ranking by 2047 and 1,000 commercial ships within a decade, supported by a proposed ~$3 billion Maritime Development Fund.