Goa Shipyard bags Rs. 32,000-crore Defence order for 12 minesweepers.

Goa Shipyard Limited (GSL) has bagged a large order for building 12 minesweepers valued at Rs. 32,000 crore. The project will be implemented from 2018-2025, said Rear Admiral (Retd) Shekhar Mital, Chairman and Managing Director of GSL, today on the sidelines of a two-day 'South Korean delegation meet on 'Make in Goa' for Defence and marine ancillary industries.'

'GSL and Indian industries are looking at partnering with Korean shipbuilding industry in bringing world class technology to maritime sector of the country and this initiative will go a long way in the making of the Mine Counter Measure Vessel (MCMV) project,' said Mital.

He later said that 90 per cent of the benefits from the Ministry of Defenceorder for building 12 minesweepers will go to local units. The order, he said, has tremendous scope for manufacturing components and ancillaries and units in Goa will be given first preference.

HBL