Annual Report FY 2010-11 - Pipavav Shipyard

y strategically partnering with
reputed international players.
Strategic tie-ups with these
global partners would enable the
Company to utilise their technical
expertise to produce military
hardware indigenously for not
only naval defence space but
also for the army and the air force.
We would continue to pursue
strategies and partnerships
that will create value for all the
stakeholders.
We are encouraged about the
opportunities in the space we
operate in. India is surrounded
by water on three sides. The
Government has recognised the
We are committed to create visibility
and value for all stakeholders on a
sustainable basis by leveraging on our
advanced capabilities and strategic
advantages to capture domestic and global
opportunities.
need to build more warships
and other military hardware
indigenously. Your Company will
be at the forefront to benefit from
these acquisition programmes.
Considering the strong
fundamentals, the sponsors
of your Company i.e., SKIL
Group has increased its holding
from 20.13% to 45.00% in your
Company.
We are committed to create
visibility and value for all
stakeholders on a sustainable
basis by leveraging our advanced
capabilities and strategic
advantages to capture domestic
and global opportunities. I
congratulate Government of India
for the continuous improvements
in the Defence Procurement
Policy which are positive for the
domestic industry. On behalf
of your Company, I thank every
government agency that believed
in us, every employee who put in
efforts to build the Company and
every shareholder and lender
who believes in us and stands by
us.
Thank you once again.
Yours Sincerely,
Nikhil Gandhi
Chairman
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