Indian Navy inks 19600 Cr contracts to procure 11 Next Generation Offshore Patrol Vessels & 6 NGMVs
The Indian Navy has signed contracts with Indian shipyards for acquisition of 11 Next Generation Offshore Patrol Vessels (NGOPVs) and six Next Generation Missile Vessels (NGMVs) at an overall cost of approx. Rs 19,600 Crores. The indigenous manufacturing of these vessels will encourage the active participation of Indian shipbuilding and associated industries, including MSMEs. Next…