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| INS Kozhikode, a Pondicherry class minesweeper (Image: Wiki Commons) |
By Vivek Raghuvanshi
NEW DELHI — India's Goa Shipyard Ltd. (GSL) is looking for international companies with the technology the state-owned company needs to build 12 mine countermeasures vessels (MCMVs) for the Indian Navy.
GSL, which was awarded the $5 billion noncompetitive contract in 2014, has floated a global expression of interest (EOI) from companies willing to transfer the technology to build the vessels to the Indian shipyard.
Such a move could push the cost of building the ships in India higher compared with those built overseas, analysts here said, but the absorption of the technology would, in the long run, allow India to build more MCMVs.
A GSL executive said the company hopes for a good response to get the technology it needs from overseas. The EOI was sent to South Korea's Kangnam, Italy's Intermarine, Spain's Navantia, US-based Lockheed Martin, Germany's Thyssenkrupp and two Russian shipyards, he said.
Read the full story at DefenseNews