The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved acquisition of PRV icebreaker and research-cum-supply vessel by the Ministry of Earth Sciences at a total cost of Rs 1051.13 crore within a period of 34 months, an official statement said.
Indian Antarctic expeditions have been undertaken every year onboard ice-class vessels or ice-breakers chartered from the international market.
"The Earth Sciences ministry felt necessary to have the country's own PRV considering the need to sustain two Indian research bases in Antarctica (Maitri and Bharti)...," the statement said.
With India's entry into the Arctic Council as an Observer along with China, Singapore, Japan and South Korea, it has become strategically important to have increased visibility in the Arctic too. This will facilitate India to assume a lead role among Asian nations active in the polar regions, it said.
Such a vessel cannot only perform research and logistics in the polar region but can also serve as a research platform for scientists to undertake scientific research in the ocean realm, including the Southern Ocean.