GRSE focuses on developing indigenous capabilities in building warships for domestic consumption and exports

July 10, 2021 12:44 pm

MSME has emerged as a sector for high employment generation, with its contribution to the GDP in the manufacturing and service sector.  

GRSE focused on developing indigenous capabilities in building warships for domestic consumption and exports, says V K Saxena, Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Ltd., while addressing the industry at an interactive session on “Indigenisation Requirements of GRSE: Opportunities for MSMEs” organised by PHD Chamber of Commerce and Industry (PHDCCI).

Due to the diligent efforts of the government, massive growth and development is happening in the defence sector and it will be interesting to watch out those new initiatives that are going to help the industries particularly the MSMEs sector.

He deliberated that due to recent policy initiatives undertaken by the Government of India, initiatives like Make in India, Self-Reliant India, and Vocal for Local are giving confidence towards the future of the defence sectors. Initiatives like putting a lot of items in the negative lists and others are a good sign for the domestic defence industry that has helped to shorten the procurement process and make new chapters. The increase in the FDI limit and thrust on export has given a major push to this sector.

GRSE has been very keen to work together with the MSMEs for the development of niche technology and products provided the MSMEs assure timely supply. GRSE needs a strong vendor ecosystem within the country to bid for international projects. It is quite keen to build a strong war shipbuilding ecosystem within the country with the help of the serious indigenous manufacturers.

The Webinar was attended by many industry stalwarts across the country. The Webinar was supported by GRSE and Star Wire India Ltd. PHDCCI’s Session has also been supported by the Annual Sponsors DLF India; Multani Pharmaceuticals; UFLEX; JK Tyre & Industries; Marble City; Paramount Cables; SMC Investments and Advisors; Blossom Kochhar Aroma Magic; Comtech Interio; DCM Shriram Industries; RadicoKhaitan; Ajit Industries; Synergy Environics; Timberworkz; P S Bedi& Co Pvt Ltd and IFFCO.

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