Indian Navy, Coast Guard To Get Big Infusion Of Warships, Crafts As MoD Approves Rs 15,000 Crore AcquisitionFast Patrol Vessel ICGS Rajshree (Representative Image) (Ministry of Defence/Wikimedia Commons)

The Ministry of Defence on Monday (1 July) issued four shipbuilding requests for proposal (RFPs) amounting to Rs 15,000 crore for the acquisition of warships and craft for the Navy and the Coast Guard.

"While the RFP for 6 Next Generation Missile Vessels (NGMVs) has been issued to seven shipyards, RFPs for 8 Fast Patrol Vessels (FPVs), 12 Air Cushion Vehicles (ACVs) and 8 Missile-cum-Ammunition Barges have been issued to shortlisted Indian shipyards," the ministry said in a statement.

The RFP for ACVs, commonly known as hovercrafts, also includes the initial requirement for six of these vessels of the Indian Army, reports ANI.

"In addition to the above, few more RFPs for more shipbuilding projects are likely to be issued in the next few months," the ministry said.

The ministry along with the Navy and the Coast Guard undertook an exercise to encourage participation by a large number of Indian shipyards and to make the qualification process of shipyards more objective.

This led to the rationalisation of guidelines for the capacity assessment of shipyards that have been promulgated recently. Rationalisation and promulgation of financial selection criteria have paved the way for issue of RFPs for a large number of shipbuilding projects that have been pending, it said.

"In a significant move to encourage smaller shipyards, participation in the projects with the anticipated annual outflow of less than Rs 75 crore has been restricted to smaller shipyards having an average annual turnover less than Rs 500 crore," the ministry said.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement