HSL to invest Rs.700 crs on Infra

Dry Dock (1)

Highlights opportunities for MSMEs 

Giving a strong business case for MSMEs at Hindustan Shipyard Limited, its Chairman and Managing Director stated the yard has abundant opportunities available for MSMEs. 

‘I have a mandate to invest Rs 700 crores in infrastructure development at HSL over the next 3 years and this represents a great opportunity for MSMEs’ informed HSL’s CMD, Cmde Hemant Khatri, IN (Retd.) speaking at the Accelerating Andhra Pradesh webinar jointly organized by Vizag Industrial Scan and FICCI. 

He said that a consultant had already been finalized for this from Kochi and said that this is bound to spur up many opportunities for MSMEs in this region. 

I have a mandate to invest Rs 700 crores on infrastructure development at HSL over the next 3 years and this represents a great opportunity for MSMEs.
 
Cmde Hemant Khatri, IN (Retd.)
C&MD, Hindustan Shipyard Limited

‘HSL sourced 33 % from MSMEs last year. My total procurement last fiscal was Rs 800 crs and this fiscal we are expecting to procure Rs 1200 crs. There is phenomenal scope for MSMEs’ said the CMD of HSL. 

HSL has changed many of its procedures for MSMEs keeping in mind the ease of doing business parameter. ‘There is no vendor registration, no tender, no EMD, no minimum turnover criteria required from them’ said Cmde Khatri. 

Talking on the time line for payments he said that HSL was one of the best payment masters. ‘We have a mandate to clear their payments in 45 days. So we are duty bound to abide by this’ said the Chairman and managing director. 

Manpower Needed 

The C&MD also highlighted the imminent need for increasing the manpower at the yard. HSL currently has a strength of 1250 people and is looking to hire more contract labour for the various words at the shipyard. 

‘Today on a ship only 250 people are working whereas I need 500 people. Similarly 40 people are working on the ship at night and I need that to be 150 people’ stated Cmde Khatri. 

He also spoke on the opportunity of making Vizag a ship repair hub on the east coast of India. 

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