Having rebounded from four decades of financial difficulties, HSL, India’s oldest shipyard, is now emerging as a global player with its export-ready advanced Diving Support Vessel and ambitions to be a hub for refitting and repairing ships from various regional nationsread moreHindustan Shipyard Limited (HSL), once weighed down by financial losses and limited to India’s domestic naval contracts, is now charting a new course — toward the global maritime market.In an exclusive interview with Firstpost, Commodore Hemant Khatri (Retd.), Chairman and Managing Director of HSL, confirmed that the state-run shipyard is actively preparing to enter the international export space, building on its recent financial revival and the completion of India’s first indigenously-built— and Asia’s most advanced— Diving Support Vessels (DSVs), Nistar.STORY CONTINUES BELOW THIS ADExport of advanced DSVsAs India’s maiden indigenously-built DSV, Nistar is a critical naval asset for saving distressed submarines, conducting underwater repairs and recovery, and supporting friendly navies under India’s SAGAR (Security and Growth for All in the Region) initiative.“HSL is now eyeing exports of Diving Support Vessels or any other vessel with dynamic positioning [DP] requirements, catering to both defence and offshore industries,” Cmde Khatri said.More from India
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After financial turnaround in India, PSU Hindustan Shipyard eyes exports, global maritime MRO market
