Corvettes, Su-30 engines: Rs 76,390-crore procurement boost to Indian industry | India News,The Indian Express

The planned next generation corvettes will be the first time that the warships will be designed entirely by the Navy’s Directorate of Naval Design and executed by an Indian shipyard through a competitive bid.

To provide a boost to the Indian defence industry and “reduce foreign spending significantly,” the Defence Acquisition Council (DAC) has approved proposals for the procurement of military equipment and platforms including eight next generation corvettes for the Indian Navy, wheeled armoured fighting vehicles and bridge laying tanks for the Indian Army, and manufacture of aero-engines for the Su-30 MKI fighter aircraft of the Indian Air Force.

In a statement Monday, the Ministry of Defence said the DAC, at a meeting chaired by Defence Minister Rajnath Singh, “accorded Acceptance of Necessity (AoN) for Capital Acquisition Proposals of the Armed Forces amounting to Rs 76,390 crore under ‘Buy (Indian)’, ‘Buy & Make (Indian)’ and ‘Buy (Indian-IDDM)’ categories”. This, it said, follows Prime Minister Narendra Modi’s “clarion call for ‘Aatmanirbharta’.”

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The planned next generation corvettes will be the first time that the warships will be designed entirely by the Navy’s Directorate of Naval Design and executed by an Indian shipyard through a competitive bid — this means that the private industry will also be allowed to bid, unlike earlier when a shipyard was nominated. The new warships will eventually replace the Khukri and Kora class corvettes.

“For the Indian Navy, the DAC accorded AoN for procurement of Next Generation Corvettes (NGC) at an estimated cost of approx. Rs 36,000 crore. These NGCs will be versatile platforms for a variety of roles viz. surveillance missions, escort operations, deterrence, Surface Action Group (SAG) operations, Search & Attack and Coastal Defence. These NGCs would be constructed based on the new in-house design of the Indian Navy using the latest technology of ship building and would contribute to further the Government’s initiative of SAGAR (Security and Growth for All in the Region),” the Ministry said.

https://indianexpress.com/article/india/corvettes-su-30-engines-rs-76390-crore-procurement-boost-to-indian-industry-7956169/


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