Mumbai-based Garware Offshore Services Ltd. plans to enter the shipbuilding business by setting up a facility to
build offshore support vessels.
Reports from India say the yard will be a joint venture with Norway-based ship Havyard Leirvik AS.
Sources in India have suggested that the company will form a 50/50 joint venture, and that the Indian company is considering various sites in Gujarat for the yard. [Source: http://www.oilpubs.com]