New Delhi/Kolkata: Garden Reach Shipbuilders and Engineers Ltd (GRSE) on Thursday signed the concession agreement with Syama Prasad Mookerjee Port, Kolkata (SMPK) to undertake the development and utilisation of the three existing Dry Docks of SMP at Khidderpore, Kolkata. The project envisages upgrading, operating and managing the infrastructural facilities at these docks towards their effective utilization.
The concession agreement has been signed in the august presence of the Union Minister of Ports, Shipping & Waterways (MoPSW) and AYUSH Sarbananda Sonowal, MoPSW's Additional Secretary Sanjay Bandopadhyay and GRSE's Chairman & Managing Director (CMD) Rear Admiral VK Saxena, SMPK's Chairman Vinit Kumar (IRSEE) and senior dignitaries of SMPK & GRSE. The agreement was signed between SMPK's Director (Marine Department) Capt Amit Kapoor and GRSE's Director (Personnel) Cmde PR Hari.
As a part of the investment promotional activity of maritime India, the agreement aims to play a vital role in abetting the strategic growth plans for both the companies in addition to the revenue generated from the ship repair and refit of defence and commercial segments, predominantly in the Eastern Region.
This collaboration will also contribute to the future strategy of GRSE to take on additional shipbuilding activities including repair & refit of ships, which will aid in the feasibility for execution and expansion in and around Kolkata. Under the agreement, both entities look forward to developing a dynamic partnership and understanding to explore new business prospects, skill development and facility improvement, which in turn will aid in employment generation in Kolkata, as a part of Maritime growth and Nation Building exercise.