Rs 360000 Crores to be spent on NAVY SHIPS And SUBMARINES IN...

Rs 360000 Crores to be spent on NAVY SHIPS And SUBMARINES IN next 10 Years


Rs 360000 Crores to be spent on NAVY SHIPS And SUBMARINES IN next 10 Years

Shri Shripad Naik, Sajaya Raksha Mantri while addressing a virtual meet at Goa Shipyard said that expected orders for ships and submarines for the Navy for period 2020 to 2030 are to the tune of Es 350000 Crores.There was 9.3 per cent growth in the defence budget in 2019-20 and the country expects to see the same trend for the next 10 years.

RRM was addressing a virtual meet on opportunities at Goa Shipyard Limited (GSL) and Mazagao Dock Shipbuilders Limited (MDSL), organised by the Confederation of Indian Industry (CII).

As per the union minister more than 60 per cent of the Indian Navy’s budget was dedicated to capital expenditure and nearly 70 per cent of this capital budget amounting to nearly Rs. 66,000 crore was spent on indigenous equipment, in the last five years.

More than 60 major surface and sub-surface platforms being built for mainly the Indian Navy and the Indian Coast Guard at Goa Shipyard Limited, Mazagon Docks Shipbuilders Limited, Garden Reach Shipbuilder and Engineers (GRSE), Hindustan Shipyards Limited (HSL) and Cochin Shipyard Limited (CSL), the potential for MSMEs is vast.

CII Goa State Council Chairman Blaise Costabir, speaking at the same event said that with India’s maritime interests growing at a fast pace in line with Prime Minister Narendra Modi’s vision of a USD 5 trillion economy by 2025, the country’s shipbuilding will see increased focus and demand.

The country’s vast coastline and the evolving geopolitical situation in India’s neighbourhood has also put a greater thrust on maritime safety and security. The Navy’s ideal Wish List of new ships for 2030 should be as under:-

Aircraft carrier—–02 (one to be commissioned by 2021)
Destroyers ———–09 (4 under construction)
Frigates—————–18 (11 under construction /ordered)
Corvettes (2500T)————–12
ASW Shallow water Corvettes (1000t)—-18 (16 under construction/ordered)
LHPD ——–02
SGGN submarines —-09 (6 under construction/ordered)
SSBN submarines——06 (3 under construction )
Mine Sweepers———12
LST ( 8000 T)————-04
LST ( 3000T)————–06
LCU( 1000T)—————08
OPV( 3000T)—————12
SPB battalion @ one per Naval Area with 40 FACs
Patrol Boats @ 12 per Naval Area
Fleet Replishment Ships / Tankers—–08