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High speed vessel contract to boost indigenous shipbuilding capability, says Ministry
The Ministry of Defence has signed a Rs.473 crore contract with Goa Shipyard Limited (GSL) for construction of eight Fast Patrol Vessels for Indian Coast Guard, underlining the Government’s resolve of making India a defence manufacturing hub which caters to not only the domestic needs but also the export market.
These surface platforms will be indigenously designed, developed and manufactured by GSL under Buy (Indian-IDDM) Category.
These eight high speed vessels will be based along the coast of India with capability to operate in shallow waters and enhance the security apparatus along the vast coast line.
While meeting the objectives of ‘Aatmanirbhar Bharat’, this would boost the indigenous shipbuilding capability and increase employment opportunities in the sector.
The contract was signed by Joint Secretary (Maritime & Systems) Dinesh Kumar and Chairman and Managing Director, GSL Cmde BB Nagpal (Retd) in New Delhi on 28 March 2022. fiinews.com
