Hindustan Shipyard signs Rs 19,000 Cr fleet support contract
DEFENSE

Hindustan Shipyard signs Rs 19,000 Cr fleet support contract

Hindustan Shipyard has achieved a major milestone by signing a ₹19,000 crore contract with the Indian defence ministry. The agreement outlines the construction of fleet support ships (FSS) that will play a pivotal role in augmenting the capabilities of the Indian Naval Fleet. These innovative vessels, designed to replenish ships at sea with vital supplies like fuel, water, ammunition, and stores, will enable prolonged operational periods without needing to return to the harbor. This enhancement in strategic reach and mobility aligns with the Indian Navy's ambitions.

The contract marks a significant step for the Indian shipbuilding industry, as the 44,000-ton fleet support ships will be the first of their kind to be constructed in India by an Indian Shipyard. This undertaking is poised to generate substantial employment opportunities, creating approximately 1.69 crore mandays over an eight-year span. Moreover, it is expected to foster collaboration among associated industries, including MSMEs, thereby boosting the nation's manufacturing ecosystem.

Integral to India's 'Aatmanirbhar Bharat' (self-reliant India) initiative, the majority of components for these vessels will be sourced from domestic manufacturers, aligning with the 'Make in India' vision of the government. With these strides, Hindustan Shipyard emerges as a key player in fortifying the nation's naval capabilities and propelling the growth of indigenous shipbuilding capabilities.

Hindustan Shipyard has achieved a major milestone by signing a ₹19,000 crore contract with the Indian defence ministry. The agreement outlines the construction of fleet support ships (FSS) that will play a pivotal role in augmenting the capabilities of the Indian Naval Fleet. These innovative vessels, designed to replenish ships at sea with vital supplies like fuel, water, ammunition, and stores, will enable prolonged operational periods without needing to return to the harbor. This enhancement in strategic reach and mobility aligns with the Indian Navy's ambitions. The contract marks a significant step for the Indian shipbuilding industry, as the 44,000-ton fleet support ships will be the first of their kind to be constructed in India by an Indian Shipyard. This undertaking is poised to generate substantial employment opportunities, creating approximately 1.69 crore mandays over an eight-year span. Moreover, it is expected to foster collaboration among associated industries, including MSMEs, thereby boosting the nation's manufacturing ecosystem. Integral to India's 'Aatmanirbhar Bharat' (self-reliant India) initiative, the majority of components for these vessels will be sourced from domestic manufacturers, aligning with the 'Make in India' vision of the government. With these strides, Hindustan Shipyard emerges as a key player in fortifying the nation's naval capabilities and propelling the growth of indigenous shipbuilding capabilities.

Next Story
Building Material

Centre Plans Easier Green Clearances for New Airports

The central government is preparing to streamline environmental clearance procedures for airport projects to accelerate infrastructure development across the country. According to officials, the Ministry of Civil Aviation (MoCA) is working with the Ministry of Environment, Forest and Climate Change (MoEFCC) to establish a single-window mechanism for faster approval of greenfield and brownfield airports. The proposal seeks to reduce the time required for obtaining environmental clearance by simplifying inter-ministerial coordination and standardising assessment parameters. The move is part of ..

Next Story
Building Material

Beer Makers Urge Import Relaxation Amid Aluminium Can Shortage

India’s domestic beer manufacturers have urged the government to relax import rules and cut duties on aluminium cans as the industry faces a severe shortage of packaging material. The shortage, driven by rising demand and limited local supply, has disrupted production schedules for several breweries. Industry representatives have written to the Ministry of Commerce and the Ministry of Finance, seeking temporary relief through faster import approvals and reduced customs duties. They warn that the situation could impact the availability of beer across key markets during the festive season. A..

Next Story
Building Material

India Surpasses Japan as World’s Third-Largest Auto Market

India has overtaken Japan to become the world’s third-largest automobile market, marking a major milestone for the country’s manufacturing and mobility sector. Union Minister for Road Transport and Highways, Nitin Gadkari, credited the achievement to India’s growing production capacity, rising domestic demand, and sustained policy support for localisation and innovation. The country’s vehicle sales and manufacturing output have surged in recent years, positioning it just behind China and the United States. According to industry estimates, India’s automobile sector supports over 3..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?