![GRSE Signs MoU with DEMPO Group GRSE Signs MoU with DEMPO Group](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc4a9iNYMthlmOKGFZKEhh6LT10lvnAtbMj0SbptUk_noMl0XqPP1GHynLtT1FMtDh5nWR3vSeYHX527QrbudXHbDFvje7RJ4VsLRTDM4Siw-K7kIVe9--fZqpKh7Cve99Wvi1XzN6C2AX7xNe3ElfhsKleHJEaq1SZqVMtYetrC1bcCTbLnN3c7CuxfA/w320-h192-rw/Untitled%20design%20(20).png)
- This is GRSE’s first extensive effort to venture into commercial shipbuilding, after pioneering public-private partnerships in the warship building sector in India.
- The collaboration aims to diversify GRSE’s portfolio and increase India’s share in the global shipbuilding market, which is currently less than 1%.
- The venture is targeted at both domestic and international markets and comes as India’s shipbuilding industry undergoes transformative changes.
- GRSE hopes to compete with countries such as China, Vietnam, and Turkey, particularly for contracts in European, Middle Eastern, and African markets.
- The location of DEMPO’s shipyards would offer a positional advantage for shifting vessels to these clients compared to competitors in other countries. The MoU was signed on August 25, 2023.
Question:
Q.1 Which business group has GRSE signed an MoU with for building commercial vessels?a. TATA Group
b. RELIANCE Group
c. ADANI Group
d. DEMPO Group