Make In India: Government Shipyards Win Rs 12,000 Crore Deal To Supply 16 Asw Craft To Navy


Under Prime Minister Narendra Modi’s ‘Make in India’ programme, government shipyards are moving ahead of their private sector rivals in warship building as they have emerged winners in a Rs 12,000-crore deal to supply 16 anti-submarine warfare (ASW) craft to the Navy.

“As tenders for the Rs 12,000-crore deal were opened, the shipping ministry’s Cochin Shipyard Limited and defence ministry’s Garden Reach Shipyard Limited (GRSE) emerged as the two lowest bidders,” a defence ministry source told Mail Today.

This is the third open tender deal involving competitive bids in the recent past which has gone to public sector firms. Recently, the Hindustan Shipyard Limited (HSL) won the contract for building two diving support vessels (DSVs) worth Rs 2,020 crore after it emerged as the lowest bidder. Read More…

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