Samsung Heavy Industries has forged a strategic partnership with Swan Defence and Heavy Industries, India’s largest shipyard, to accelerate India’s shipbuilding initiative under a ₹3,000 crore Maritime Development Fund launched by the government.
Korea’s Samsung Heavy Industries (SHI) has announced a key pact with Gujarat-based Swan Defence and Heavy Industries (SDHI), marking its official entry into the Indian shipbuilding ecosystem. The collaboration aims to combine SHI’s engineering expertise with SDHI’s dominant domestic presence to fulfil India’s ambition of becoming a top 5 global shipbuilding nation by 2047. SDHI currently commands 30% of India’s shipbuilding capacity and manages the largest dry dock in the country.
Under this collaboration, Samsung and SDHI plan to jointly explore marine engineering, procurement, and project management across key domains. Samsung aims to use SDHI’s infrastructure as a base for scaling its operations targeting India’s maritime logistics sector, which is anticipated to expand at a CAGR of 6.4% from 2025 to 2030.
India is strategically shifting focus to bolster local ship production. To support this vision, a ₹3,000 crore Maritime Development Fund was proposed in the Union Budget 2025 to finance shipbuilding, repair and maritime infrastructure projects. This aims to help India reach its target of building 1,000 domestic commercial vessels within the next decade.
Read More: Government Approves ₹69,725 Crore Plan for Maritime and Shipbuilding Development!
This partnership also extends SHI’s outreach into South Asia, allowing the Korean major to tap into fast-modernising Indian ports and shipyards. With Indian delegates having visited Korea’s Geoje yards last year, this agreement strengthens bilateral ties in maritime technology. SHI has indicated that it will systematically scale up operations from this partnership and pursue further investments in India.
On September 29, 2025, Swan Defence and Heavy Industries share price opened at ₹605.95 on NSE, above the previous close of ₹577.10. The stock closed at ₹605.95 by the end of the day, hitting the upper circuit. The stock registered a significant gain of 5.00%.
Over the past week, it has moved up by 21.53%, over the past month, it has moved up by 165.10%, and over the past 3 months, it has moved up by 192.26%.
The strategic alliance between Samsung Heavy Industries and Swan Defence aligns with India’s maritime goals, providing SHI with broader access to a growing Asian market and bolstering India’s push to develop its shipbuilding dominance, aided by supportive government financing.
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Published on: Sep 30, 2025, 12:23 PM IST
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