ITUS Marine and Transport Pvt Ltd is an integral company of the ITUS Group. ITUS Marine is the exclusive partner to Sealegs International in India and currently engaged in the sale, lease and maintenance of amphibious crafts in the Indian Sub-Continent region.
We are developing and deploying projects with coastal police of several states, ports and military departments.
The company has established the Amphibious Leasing Business to promote the viability of Amphibious crafts in the IndianSubcontinent.
ITUS Marine has signed transfer of technology agreement with Sealegs International and has developed an Indian assembly line for manufacturing of Amphibious Boats in India
The amphibious vehicle market in India remains relatively under-penetrated when compared to advanced economies. Hence, the growth potential for amphibious vehicles in this region is tremendous in light of the following 3 push factors:
Push for GOI Initiatives of AatmaNirbhar Bharat and Make in India.
India’s 7,500 km coastline, lack of infrastructure and prohibitive costs of development.
Heavy forecasted expenditure in defense given the two-front border issues.
The high demand for amphibious vehicles in defense and rescue applications, coupled with commercial and leisure will drive the expansion of the global market at a CAGR of 7.7% in the next 7 years.
We aim to grow selectively, opportunistically, and always on a value-accretive basis. Our growth track record includes both organic acquisitions and a transformative strategic combination, which shall double the size of our fleet, materially improve our capital structure, and substantially enhanced our commercial footprint and competitive positioning.
