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United Petro & Sadhav Ink MoU With Odisha Govt
The Business Guardian
|February 12, 2025
Business Activities: Both companies will be incorporating a company to accomplish the business activities.
United Petro Group, Singapore, and Sadhav Shipping Ltd., Mumbai, have announced a major partnership to establish shipbuilding and comprehensive offshore facilities in Odisha, India.
The Memorandum of Understanding (MoU) was officially signed during the "Utkarsh Odisha, Make in Odisha Conclave 2025" on January 28, 2025, in Bhubaneswar, Odisha, marking an important milestone for both organizations.
The event was attended by PM Narendra Modi, several prominent business houses including Jindal Steel, Adani Ports, Vedanta, Jindal Steel & Power, and several top-ranking officials of the Govt. of Odisha.
About The Project This bold initiative centers around building large ships alongside relevant repair services. Additionally, it will create offshore supply base facilities that encompass storage spaces and warehouses to aid operations at sea.
The setup will meet the needs of different vessel categories, such as oil tankers, naval ships, barges, and other ocean freight vessels.
Esta historia es de la edición February 12, 2025 de The Business Guardian.
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