Sagarmala Finance and BEML sign pact for maritime manufacturing
Shipping ministry firm Sagarmala Finance Corporation Limited (SMFCL) has joined hands with public sector undertaking BEML Ltd. The pact is aimed at boosting financial support for the country's maritime manufacturing sector.
BEML has also signed a tripartite MoU with HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Samho Heavy Industries to collaboratively design, develop, manufacture, and provide support for next-generation conventional and autonomous maritime and port cranes.
Also Read: Maritime Summit: MoU worth Rs 9,000 crore signed by Chennai Port