The Defense Ministry of India has signed a contract with Goa Shipyard Ltd (GSL) for the construction of eight Fast Patrol Vessels for the Indian Coast Guard at a total project cost of Rs 473 crore, as per their official reports.
The contract was signed by the Ministry’s Joint Secretary, Maritime and Systems, Dinesh Kumar, and GSL Chairman and Managing Director, Commodore B.B. Nagpal (retd) here. 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 with the capability to operate in shallow waters and enhance the security apparatus along the vast coastline, the statement said, adding that while meeting the objectives of ‘Aatmanirbhar Bharat’, it would boost the indigenous shipbuilding capability and increase employment opportunities in the sector.
The contract will further boost the government’s resolve of making India a defense manufacturing hub that caters to not only the domestic needs but also the export market.
