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Shipbuilding central to India’s strategic interests: HSL CMD
Hindustan Shipbuilding Limited chairman and managing director L V Sarat Babu has said that shipbuilding is central to India’s strategic interests.
Visakhapatnam: Hindustan Shipbuilding Limited chairman and managing director L V Sarat Babu has said that shipbuilding is central to India’s strategic interests.
Addressing on the first day of the two-day dialogue between India and Russia Defence Industry jointly organised by Federation of Indian Chambers of Commerce and Industry (FICCI) and Economic Development Board of Andhra Pradesh here on Tuesday, the CMD said Andhra Pradesh has natural advantages due to its ecosystem and the focus for the AP government has been on indigenisation.
He said that the indigenisation can contribute towards 3 per cent of GDP and accelerate manufacturing from 16 per cent to 25 per cent. The meeting focused on opportunities for collaboration in the defence sector with special emphasis on naval technologies apart from raising the status of partnership and collaboration in aerospace and defence.
It may be mentioned here that Vishakhapatnam stands as a testimony to the friendly ties and strategic partnership between Andhra Pradesh and Russia in defence and shipbuilding. This dialogue also seeks to lay the groundwork for investments in aerospace and defence in view of Russian President Vladimir Putin’s proposed visit to India during the BRICS Summit next month scheduled in Goa.
Flag Officer Commanding-in-Chief Vice Admiral H C S Bisht stated that close ties between India and Russia have been most enduring since World War II and Vishakhapatnam has been a key pillar of collaboration. Vishakhapatnam is perfectly poised to take advantage of ‘Make in Andhra Pradesh’ with special emphasis on shipbuilding and collaborate towards achieving the goal of self-reliance, he added.
United Shipping Corporation president Alexey L Rakhmanov said that he will consider Andhra Pradesh not only as a base for India but also for the world market. He informed that United Shipping Corporation of Russia is one of the largest shipbuilding corporations in the world. Rakhmanov announced that United Shipping Corporation will set up their manufacturing base in Vishakhapatnam and closely work towards indigenisation.
CEO of Economic Development Board Krishna Kishore and Industries secretary Kartikeya Misra spoke about opportunities that Andhra Pradesh has to offer to companies from Russia in defence and aerospace. Andhra Pradesh has a strong presence of defence public sector units that focuses on missile testing, optical and optoelectronic devices manufacturing, satellite launching stations and shipyards and is ideal for attracting investments in aerospace and defence, the officials said.
