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PrimePress > Blog > Business > Defence ministry to approve Rs 70,000 crore order for advanced Indian warships
Business

Defence ministry to approve Rs 70,000 crore order for advanced Indian warships

PrimePress Team
Last updated: 2024/07/18 at 12:53 PM
PrimePress Team
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Defence ministry to approve Rs 70,000 crore order for advanced Indian warships
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Massive Boost for the Indian Navy with Rs 70,000 Crore Warship Contract Approval

The Indian Navy is set to receive a major upgrade with the Ministry of Defence poised to approve a whopping Rs 70,000 crore contract for the construction of new warships. These state-of-the-art stealth frigates will mark a significant technological advancement in India’s naval capabilities.

The new frigates will be equipped with indigenous technologies, including locally developed fire control systems, Brahmos cruise missiles, anti-submarine weapons, and electronic warfare systems. This contract, known as Project 17B, has attracted bids from leading government-owned shipyards such as Mazagon Dockyards Limited (MDL) and Garden Reach Shipbuilders and Engineers (GRSE).

Both MDL and GRSE are currently working on frigates under Project 17A (Nilgiri class), with MDL handling four and GRSE managing three. The decision to split the order between the two yards is being considered to accelerate the delivery timelines for the Indian Navy, similar to what was done for Project 17A.

This contract will not only benefit the Indian Navy but also provide a significant boost to the numerous sub-suppliers and vendors involved in the project. MDL, known for its advanced shipbuilding capabilities, is expected to see further growth in its order book with this contract. The yard is already working on the Kalvari class submarines and Project 15B class destroyers in addition to the frigates.

On the other hand, GRSE based in Kolkata, is currently focused on constructing next-generation offshore patrol vessels and anti-submarine warfare corvettes. The yard has also secured export orders and has more projects in the pipeline.

This approval comes as a significant step towards enhancing India’s maritime security and strengthening its naval fleet. The new warships will not only bolster the Indian Navy’s capabilities but also contribute to the country’s indigenous defense manufacturing sector.

Stay tuned for more updates on this landmark contract for the Indian Navy!

PrimePress Team July 18, 2024 July 18, 2024
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