Ministry Of Defence Signs A Deal With GSL Worth Rs 473 Crore
- On March 28, 2022, Joint Secretary (Maritime & Systems) Shri Dinesh Kumar and Chairman & Managing Director, GSL Cmde BB Nagpal (Retd) signed the contract in New Delhi.
- These eight high-speed warships will be stationed throughout India's shore, capable of operating in shallow waters and bolstering the security infrastructure along the extensive coastline.
The Ministry of Defence has inked a contract with Goa Shipyard Limited (GSL) to build eight Fast Patrol Vessels for the Indian Coast Guard at a cost of Rs 473 crore.
GSL will design, develop, and manufacture these surface platforms in-house under the Buy (Indian-IDDM) Category.
These eight high-speed warships will be stationed throughout India’s shore, capable of operating in shallow waters and bolstering the security infrastructure along the extensive coastline.
Ministry of Defence signs Rs 473 crore contract with Goa Shipyard Limited for construction of 8 fast patrol vessels for @IndiaCoastGuard
Vessels will be capable to operate in shallow waters and enhance the security apparatus along the vast coastline.https://t.co/EZ5R8Zjcdg pic.twitter.com/U8gHsqgyiy
— PIB India (@PIB_India) March 28, 2022
While achieving the goals of ‘Aatmanirbhar Bharat,’ this would strengthen indigenous shipbuilding capability and generate job prospects in the sector.
The contract will strengthen the government’s ambition to make India a defense manufacturing hub that serves both home and foreign markets.