Independent journal on economy and transport policy
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Agreement between Mitsubishi Heavy Industries and Larsen & Toubro in the field of the shipbuilding
The Japanese group will supply to the Indiana company licences and technological support for the construction of commercial ships
December 28, 2011
Mitsubishi Heavy Industries (MHOS) has signed an agreement with Larsen & Toubro (L&T) based on which the Japanese group will supply licences and technological support for the construction of commercial ships to the L&T Shipbuilding Ltd. (Navalmeccanica LTSB), branch of the Indian group. The understanding has an initial duration three-year-old with option in order to extend the period.
The agreement previews, in particular, that MHOS supply to LTSB projects for the construction of ships realized from the Japanese group let alone activity of formation in areas which the naval planning, the procurement, the shipbuilding and the quality control. The group MHOS will receive a compensation for the support supplied to the Indiana company. Moreover the agreement previews that in future MHOS and LTSB jointly carry out activity of marketing for the ships constructed from the Indiana society in the within of exclusive the technical collaboration with MHOS.
The collaboration between the two groups will begin the next spring with the formation of technicians of LTSB near the yards Nakasaki Shipyard & Machinery Works and Shimonoseki Shipyard & Machinery Works of the Japanese group and with the shipment in India by MHOS of experts in planning and shipbuilding and quality control in order to form attached of LTSB.
Currently LTSB has a ship yard to Hazira, in the State of Gujarat, and of it has another under construction to Kattupalli, near Chennai, in the State of Tamil Nadu, that it will become operating in the next weeks and that is realized in joint venture with the Tamilnadu Industrial Development Corporation (TIDCO), society of the State of Tamil Nadu.
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