Baijnath Melaram, an Indian company from the shipbuilding and recycling sector, is going to establish its European headquarters in Szczecin
The decision has been confirmed by Nitesh Agarwal, a managing partner in Baijnath Melaram, during a conference organised by the Western Pomerania India Chamber of Commerce. The core business of the company is ship recycling.
Nitesh Agarwal, a managing partner at Baijnath Melaram. He mentioned that, provided the business expands, the company will start recycling of ships in Poland, which will create a large number of jobs. We plan to establish our headquarters in Szczecin in the coming several months’, said Nitesh Agarwal. ‘At the moment, we are looking for partners among local businesses, which can help us to develop our services in Western Pomerania. Initially, we plan to employ about 10 polish specialists in our head office.
‘I am glad that Baijnath Melaram decided to run its European business from a head office established in Szczecin’, said Mariusz Łuszczewski, the President of the West Pomeranian Indian Chamber of Commerce. He also added that the main goal of the Chamber is to attract Indian capital to Szczecin and the region. ‘Initially the company wanted to open its headquarters in Hamburg, but we managed to convince then to move to Szczecin’, said Łuszczewski.
Baijnath Melaram has been operating since 1956. It specialises in ship recycling. Each year, 350 to 400 ships undergo recycling. Baijnath Melaram has attracted special contracts from the Indian Navy, including recycling of two submarines and a destroyer.
The company is ISO certified. According to its representative, still this year, Baijnath Melaram is going to meet all EU standards to minimise the environmental impact. This should allow the company to expand its business in Europe.