Goa Shipyard bags Rs. 30k-cr deal to manufacture minesweepers.

The Defence Acquisition Council (DAC) last week passed an order awarding Goa Shipyard a contract for 12 mine countermeasures vessels (MCMV) or minesweepers, worth about Rs. 30,000 crore, but through a foreign collaboration. The decision came 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.


THE FINANCIAL EXPRESS