India's Defense Acquisition Council (DAC) has awarded INR 30,000 crore (US$4.8 billion) contract for 12 mine countermeasure vessels (MCMV) or minesweepers to Goa Shipyard.
Last November, Defense Ministry had scrapped INR 2,700 crore (US$4.3 billion) for acquiring eight minesweeper vehicles from South Korean firm, Kangnam after the firm had employed middlemen, which is a violation of the tender conditions.
“This deal is of great significance as it will bring in Rs 30,000 crore to spur Goa’s shipbuilding industry with technology that is not available in any other part of the country. It will be a major game changer in a system where we waited 15 years,” GSL Chairman and managing director Shekhar Mittal said.
Technology employed in the manufacturing of the vessels is currently available in only six countries will be procured through global tenders. “This technology is available only in six countries and we will import it and make the vessels locally as well as outsource it to Goan companies, thus helping in spurring the shipbuilding industry in Goa,” Mittal said.
Earlier last year, the deal for eight MCMV from South Korean firm Kangnam Corporation were scraped as Defence Minister Manohar Parrikar discussed the idea of giving the order to Goa Shipyard.
Indian Defense Acquisition Council (DAC) has cleared the purchase of 38 PC-7 Pilatus basic trainer aircraft for Indian Air Force (IAF) on Sunday. The original contract was for 75 and had an option clause of buying 50 percent under the same terms and conditions
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Indian Finance Minister Arun Jaitley announced today that the government would allocate a budgetary estimate of INR 2.46 trillion (US$40
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The Indian Navy has inked a INR 306 Crore ($42 Million) deal with Thales Australia for eight mine counter-measure clip-on influence sweeps. "In order to meet the requirement, a contract for procurement of eight Clip Influence Sweep (CLOIS) for minesweeping has already been concluded", Subhash Bhamre, India's minister of state for defence was quoted by
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Goa Shipyard has delivered first Offshore Patrol Vessel (SLOP) to Sri Lanka Navy on 22nd July, 86 days ahead of schedule. SLOPV contract is one of the major export contracts, being executed by GSL currently for friendly countries, Goa Shipyard announced last week
The Indian Defence Acquisition Council (DAC) today finalised the broad contours of a policy aimed at engaging the Indian private sector in the manufacture of high-tech defence equipment in India. Under the policy, Indian industry partners would tie up with global OEMs to seek technology transfers and manufacturing know-how to set up domestic manufacturing infrastructure and supply chains
India is likely to sign contracts for transfer of technology (ToT) about Mine Countermeasures Vessels (MCMV) or minesweepers soon, a senior official said Wednesday. “Contracts for transfer of technology about the Mine Countermeasures Vessels (MCMV) or minesweepers should be signed soon,” Vice Admiral (Controller Warship Production and Acquisition) G S Pabby told reporters Wednesday
India's Goa Shipyard is in discussion with South Korean defence and marine ancillary units as well as Indian firms for a $5 billion Mine Counter Measure Vessel project. The Ministry of defense allotted the project to Goa Shipyard Limited in early March
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