GSL bags deal worth over Rs 400 crore to construct eight Fast Patrol Vessels for Indian Coast Guard

GSL bags deal worth over Rs 400 crore to construct eight Fast Patrol Vessels for Indian Coast Guard
GSL bags deal worth over Rs 400 crore to construct eight Fast Patrol Vessels for Indian Coast Guard

New Delhi: The Ministry of Defence on Monday inked a contract with Goa Shipyard Limited (GSL) for the construction of eight Fast Patrol Vessels for the Indian Coast Guard (ICG) at a total project cost of Rs 473 crore.

The Ministry said in a statement that the contract was signed by Joint Secretary (Maritime & Systems) Mr Dinesh Kumar and Chairman & Managing Director, GSL Cmde BB Nagpal (Retd) in New Delhi on March 28, 2022.

According to the MoD, 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 the capability to operate in shallow waters and enhance the security apparatus along the vast coastline.

While meeting the objectives of 'Aatmanirbhar Bharat,' this would boost the indigenous shipbuilding capability and increase employment opportunities in the sector. The contract will further boost the Government's resolve of making India a defence manufacturing hub that caters to not only the domestic needs but also the export market.

(Defence Watch– India's Defence Business News centre that places the spotlight on Defence Manufacturing, Defence Technology, Strategy and Military affairs is on Twitter. Follow us here and stay updated.)

Related Stories

No stories found.
logo
Defence Watch
www.defencewatch.in