Defence Ministry signs contract with GSL for construction of eight Fast Patrol Vessels for ICG

Ministry of Defence has signed a contract with Goa Shipyard Limited GSL for construction of eight Fast Patrol Vessels for Indian Coast Guard at a total project cost of 473 crore rupees. The contract was signed by Joint Secretary (Maritime and Systems) Dinesh Kumar and Chairman and Managing Director, GSL Commodore (Retd) BB Nagpal in New Delhi today.

These surface platforms will be indigenously designed, developed and manufactured by GSL under Buy (Indian-IDDM) Indigenously Designed, Developed and Manufactured Category. These eight high speed vessels will be based along the coast of India with capability to operate in shallow waters and enhance the security apparatus along the vast coast line.

Ministry of Defence said, while meeting the objectives of Aatmanirbhar Bharat, this would boost the indigenous shipbuilding capability and increase employment opportunities in the sector. The contract will further boost the Government’s resolve of making India a defence manufacturing hub which caters to not only the domestic needs but also the export market.