India recently announced plans to invest billions of dollars in revamping its domestic maritime industry, and Dutch shipbuilder Damen is eager to support this transformation. A memorandum of understanding was signed between Square Port Shipyard and Damen Technical Cooperation to develop a shipyard in India that will build Damen vessels tailored to the regional market. This marks Damen’s third partnership in the Indian subcontinent, reflecting the company’s commitment to establishing a presence in one of the world’s fastest-growing economies.
Damen’s Regional Sales Director Asia, Dingeman van Worden, emphasized the importance of having a physical presence in India to leverage the country’s economic advantages and strengthen their competitive edge in the global market. The partnership with Square Port Shipyard is seen as a strategic move to introduce Damen’s shipbuilding expertise, known for its quality and competitive prices, to India’s maritime sector. Damen specializes in ship design, construction, maintenance, repairs, and conversions, offering a range of maritime services to support shipyards worldwide.
Square Port Shipyard’s Director, Fattesingh Patil, expressed excitement about the agreement, highlighting the potential for transformative technologies and sustainable practices in India’s maritime industry. The partnership will provide access to cutting-edge shipbuilding technology, addressing capacity constraints and positioning the Indian shipbuilding and repair industry for growth. The Indian government’s recent commitment to allocate significant funds towards expanding shipbuilding capabilities and promoting green shipping aligns with the goals of Damen and Square Port Shipyard, attracting interest from various players in the maritime industry looking to deepen ties with India.
