GSL bags contract for 12 minesweepers

PANJIM: India’s Defence Acquisition Council (DAC) passed an order awarding Goa Shipyard a contract for 12 mine countermeasures vessels (MCMV) or minesweepers, worth approximately Rs 30,000 crore.

TEAM HERALD 
PANJIM: India’s Defence Acquisition Council (DAC) passed an order awarding Goa Shipyard a contract for 12 mine countermeasures vessels (MCMV) or minesweepers, worth approximately Rs 30,000 crore. The decision came on Saturday after the Defence Ministry scrapped a deal for acquiring eight such MCMVs from South Korea.
“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 which 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.

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