PANJIM: The Ministry of Defence has signed a contract with the Goa Shipyard Limited (GSL), Vasco for construction of eight Fast Patrol Vessels for Indian Coast Guard at a total project cost of Rs 473 crore.
The contract was signed by Joint Secretary (Maritime and Systems) Dinesh Kumar and GSL Chairman and Managing Director Cmde BB Nagpal (Retd) in New Delhi on Monday.
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 capability to operate in shallow waters and enhance the security apparatus along the vast coast line.
While meeting the objectives of ‘Aatmanirbhar Bharat’, this would boost the indigenous shipbuilding capability and employment opportunities.
