Mumbai: Gujarat-based Pipavav Shipyard Ltd said on Monday it is looking at building offshore patrol vessels for the Indian Navy and is interested in building other naval vessels. “We are in the process of registering with the Indian Navy to make vessels for it,” a top company official said.
“We are looking at offshore patrol vessels for the navy, which are less complex and less weapons-oriented. As we gain experience in doing these things, we will look at more complex vessels,” the official said. Only a handful of shipyards in India make defence vessels for the country.
The shipyard also wants to cash in on the oil exploration boom in Indian waters by getting subcontract work for building rigs.
Pipavav Shipyard is looking to build offshore patrol vessels for the Indian Navy and is in the process of registering with it (Photo by: Biswaranjan Rout / AP)
The company plans to collaborate with one of its stakeholders, Sembcorp Marine Ltd, which is a global marine engineering and shipyard group, the official said.
It would be bidding for some projects in the offshore sector and “we hope to get some subcontracting work from it and build up our experience”, the official said.
Presently, Pipavav Shipyard chief executive Ray Stewart is in Europe looking for cooperation and possible joint ventures with shipyards there.
Pipavav Shipyard at its facility in Gujarat plans to build commercial ships, offshore vessels, naval ships and a repair yard. Pipavav Shipyard is promoted by SKIL Infrastructure Ltd, Punj Lloyd Ltd and a dozen other companies.