The Indian Navy will spend Rs 1,800 crore for procurement of auxiliary ships such as ferry crafts and fuel barges over the next seven to eight years, a top Navy officer said Friday.
Private shipbuilders can play a significant role in manufacturing small auxiliary ships for the Navy and thus, take part in indigenisation of defence manufacturing, Rear Admiral Rajaram Swaminathan, Assistant Chief of Material, Indian Navy, said here.
Speaking at the launch of a fuel barge manufactured by private builder Titagarh Wagons Limited (TWL), he said, "As per the present 15-year Maritime Capability Perspective Plan, the Navy will spend Rs 1,800 crore to procure auxiliary ships like ferry crafts, fuel barges, tugs and replenishment ships."
Disclaimer: No Business Standard Journalist was involved in creation of this content