Negotiations collapse in Indian minesweeper project
The Indian Navy’s (IN) quest to build 12 mine countermeasures vessels (MCMV) under an INR328 billion ($5.2 billion) ‘Make in India’ programme has collapsed at the final hurdle.
Goa Shipyard Limited (GSL) was supposed to build the dozen 800t minesweepers with 60% indigenous content via support from the Kangnam Corporation based in Busan, South Korea, after the latter had been selected as the sole-source overseas partner in 2015.
However, negotiations over pricing and technology transfer recently ground to an abrupt halt.
On 7 January the Hindustan Times quoted GSL chairman Shekhar Mital as saying, ‘We were unable to resolve commercial
Already have an account? Log in
Want to keep reading this article?
More from Naval Warfare
-
![Future of the US Navy’s Arleigh Burke programme remains unclear]()
Future of the US Navy’s Arleigh Burke programme remains unclear
The US Navy does not have a precise date for the award of the procurement contract for the third Arleigh Burke-class destroyer despite having the funds to advance with the programme in FY2025.
-
![US Navy may look to foreign suppliers to accelerate shipbuilding programmes]()
US Navy may look to foreign suppliers to accelerate shipbuilding programmes
The US Navy (USN) is currently reassessing its acquisition efforts and seeking ways to reduce the multiple delays across the shipbuilding initiatives.
-
![Italy orders two ships as work begins on others along with deliveries and updates]()
Italy orders two ships as work begins on others along with deliveries and updates
The Italian Navy is being refreshed with two new ships ordered, while in the past six months steel was cut for a new frigate, an enhanced frigate was delivered and Horizon-class frigates passed a design review.
