Goan MSMEs have a major opportunity to participate in ministry of defence contracts by partnering with Goa Shipyard Limited, which has an order book of Rs 14,000 crore, said chairman and managing director, Goa Shipyard Limited B B Nagpal.
Nagpal also said that weapon system and sensor system manufacturers are looking for local MSMEs who can integrate the systems on the warships that GSL is building.
Nagpal, who was speaking at the Confederation of Indian Industry (CII) conference on ‘New Emerging Opportunities for MSMEs in Shipbuilding & Defence, said that participation of MSMEs in shipbuilding contracts will strengthen India’s private shipbuilding industry.
“A significant work of the yard is sub-contracted and we engage a large number of MSMEs for all shipbuilding, refit and general engineering services. GSL has identified items and components required in shipbuilding, specially for the private and MSME sector,” said Nagpal.
Nagpal also said that GSL is looking for MSMEs who can take up fabrication, structural work, basic engineering, electrical spares and outfitting of ships, particularly integration of complex systems supplied by various OEMs.