'Positioned to make Pipavav the nucleus of shipping'

Gujarat's Pipavav coast is gearing up to reclaim its place on the global shipbuilding map, with Swan Defence and Heavy Industries launching a multiyear investment programme to transform its shipyard into an integrated defence and commercial vessel manufacturing hub.

- Subhash Narayan

Since taking over Reliance Naval in January this year and renaming it Swan Defence, the firm’s promoters committed $500 million for regeneration and reconfiguration of the yard, with about $150 million already invested in acquisition and early modernization. The investment will upgrade fabrication lines, workshops, and maintenance facilities, setting the stage for the shipyard to take on both defence and commercial projects at scale.