Inching closer towards finalising a deal with the Philippines Navy, defence PSU Garden Reach Shipbuilders and Engineers (GRSE) has emerged as the lowest bidder for exporting two frigates to the Southeast Asian island country.
"We are the lowest price bidder for the order. Now the government is evaluating other aspects before placing the order. We are hopeful of a positive outcome but things are not final yet," Commodore Ratnakar Ghosh, Director (shipbuilding), GRSE, told PTI.
Few days ago, a team from the Philippines Navy visited the facilities of the Kolkata-based shipyard and expressed satisfaction at the infrastructure.
"If you look at the infrastructure nobody is better than us. We have been in negotiations with them for the last two years and now they are examining other bidders also," company chairman and managing director Rear Admiral (Retd) A K Verma said.
If GRSE bags the order, it will be India's second export order for delivering a warship and a boost to Prime Minister Narendra Modi's 'Make in India' campaign.
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