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
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Naval Warfare
-
![From the seas to the web: the changing shape of UK defence in Southeast Asia]()
From the seas to the web: the changing shape of UK defence in Southeast Asia
As his final engagement before leaving his post as the head of the British defence staff for Southeast Asia and defence adviser to Singapore, Brigadier Eddie Maskell-Pedersen spoke with Shephard about maritime security, cyber cooperation and long-term partnerships.
-
![Naval primes dive into an underwater acquisition gold rush]()
Naval primes dive into an underwater acquisition gold rush
A cluster of acquisitions by Fincantieri, Thales, Lockheed Martin and Rheinmetall points to a race to secure underwater warfare, autonomy and sensing capability.
-
![Baltic naval priorities shift towards mine warfare and versatile platforms]()
Baltic naval priorities shift towards mine warfare and versatile platforms
Baltic states are investing in mine warfare, uncrewed systems and multirole platforms as major warship purchases remain scarce, industry sources indicate.
-
![India’s mine countermeasure drive triggers rush of new partnerships]()
India’s mine countermeasure drive triggers rush of new partnerships
Parallel procurement pathways for crewed mine countermeasure vessels and uncrewed systems underline a shift towards next-generation mine warfare for the Indian Navy.
-
![Finland’s naval sector eyes growth opportunities in NATO era]()
Finland’s naval sector eyes growth opportunities in NATO era
Finland’s naval industrial base is expanding as NATO membership, Baltic Sea security concerns and proximity to Russia push shipbuilders and equipment makers to capture new roles.
