Business

Tough Times Ahead For GSL

The Goa Shipyard Limited (GSL) which has grown into one of the major vessel builder for the Indian Defence Services from a small barge repair facility that it was during the Portuguese regime has to gird up its loins to face new challenges.
Having established itself as a major ship building yard for the Indian Navy and Indian Coast Guard, GSL now faces new challenges as it will have to face competition from private shipyards since the Defence Ministry has now decided to tap these hitherto untapped ship building yards.

Besides constructing barges, tugs, landing crafts, offshore patrol vessels, missile crafts and others for the Indian Navy and Indian Coast Guard, GSL has also built vessels for Yemen and Oman.
Having bagged the prestigious contract to build 116 high speed interceptor boats, GSL is also in the process of modernizing its facilities with an estimated cost of Rs. 800 crore.
The modernization plans include integrated steel fabrication facilities, pre-outfitted block building facilities, modern workshops and berths with ship lift and transfer systems and many others.
Captain Manohar Nambiar, Defence Ministry Spokesperson said GSL is respected for its indigenous design and ship building capacity and added that the ministry is very satisfied with the company.
However, with the Defence Ministry now placing orders with private shipyards, GSL will have tough competition in future as till now it has been dependent only on Defence Ministry projects.
In fact, Defence Minister A K Antony had last year cautioned GSL about the changed scenario when he laid the foundation stone for the modernization of the shipyard.

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