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Reliance Defence to undertake repair and maintenance for US Navy Reliance Defence has signed a landmark deal with the US Navy undertaking service, repair and the maintenance work of seventh fleet of US Navy.
Reliance Defence (formerly known as Pipavav Shipyard Limited & Pipavav Defence and Offshore Engineering Company Limited) has signed a landmark deal with the US Navy for undertaking service, repair and the maintenance work of the Seventh Fleet of US Navy. Sources suggest that the fleet boasts of close to 100 ships and the contract is worth around Rs 15,000 crore which will be spread across next 3-5 years. This deal is a significant achievement for India - as a country - and Reliance Defence, as it becomes the only Indian company which will service US Navy ships in an Indian port. Prior to this these ships were serviced at either Singapore or other Asian countries. The ships which patrol waters of Indian Ocean and the Pacific Ocean regularly will arrive at Pipavav Port in Gujarat for maintenance work.
Read more at: http://www.moneycontrol.com/news/business/reliance-defence-to-undertake-repairmaintenance-for-us-navy_8479021.html?utm_source=ref_article
http://www.moneycontrol.com/news/business/reliance-defence-to-undertake-repairmaintenance-for-us-navy_8479021.html
Reliance Defence signs warship repair pact with US Navy
Months after India and US signed a key logistics pact, Reliance Defence and Engineering today announced an agreement with the American Navy for repair and alteration services for warships of the largest forward- deployed Seventh Fleet operating in the region.
The Seventh Fleet's area of responsibility includes the Western Pacific and Indian Ocean and at any given time there are roughly 50 70 ships and submarines, 140 aircraft and approximately 20,000 sailors under its command.
A statement by the Reliance Infrastructure (RInfra) controlled RDEL said it has signed the Master Ship Repair Agreement (MSRA) with US Navy.
It added that earlier in January, Reliance Shipyard was qualified by US Navy as an approved contractor to perform complex repair and alteration services for the US Navy's Seventh Fleet vessels operating in the region.
Reliance Shipyard at Pipavav, Gujarat is the first shipyard in India to have received MSRA Certification to undertake servicing and repairing works for the vessels of Seventh Fleet.
It is estimated that the potential business for RDEL will be very high.
The fleet has about 100 vessels of different types, including auxiliaries. Currently, the vessels of US Navy's Seventh Fleet visit Singapore or Japan for such works.
Reliance Shipyard has been selected after a detailed site survey by US Government representatives in end October 2016, the statement said.
After over a decade of negotiations, India and the US had in August last year signed the Logistics Exchange Memorandum of Agreement (LEMOA), a tweaked India-specific version of the Logistics Support Agreement (LSA), which the US has with several countries with close military-to-military ties.
The pact enables their militaries to use each other's assets and bases for repair and replenishment of supplies, making joint operations more efficient.
LEMOA facilitates the provision of logistical support, supplies and services between the US and Indian militaries on a reimbursable basis and provides a framework to govern them.
This may include food, water, billeting, transportation, petroleum, oils, lubricants, clothing, medical services, spare parts and components, repair and maintenance, training and other logistical services.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
http://www.dnaindia.com/money/report-reliance-defence-signs-warship-repair-pact-with-us-navy-2321155
http://www.thehindubusinessline.com/economy/logistics/reliance-defence-signs-pact-with-us-navy/article9538191.ece
Reliance Defence (formerly known as Pipavav Shipyard Limited & Pipavav Defence and Offshore Engineering Company Limited) has signed a landmark deal with the US Navy for undertaking service, repair and the maintenance work of the Seventh Fleet of US Navy. Sources suggest that the fleet boasts of close to 100 ships and the contract is worth around Rs 15,000 crore which will be spread across next 3-5 years. This deal is a significant achievement for India - as a country - and Reliance Defence, as it becomes the only Indian company which will service US Navy ships in an Indian port. Prior to this these ships were serviced at either Singapore or other Asian countries. The ships which patrol waters of Indian Ocean and the Pacific Ocean regularly will arrive at Pipavav Port in Gujarat for maintenance work.
Read more at: http://www.moneycontrol.com/news/business/reliance-defence-to-undertake-repairmaintenance-for-us-navy_8479021.html?utm_source=ref_article
http://www.moneycontrol.com/news/business/reliance-defence-to-undertake-repairmaintenance-for-us-navy_8479021.html
Reliance Defence signs warship repair pact with US Navy
- Shares1
Months after India and US signed a key logistics pact, Reliance Defence and Engineering today announced an agreement with the American Navy for repair and alteration services for warships of the largest forward- deployed Seventh Fleet operating in the region.
The Seventh Fleet's area of responsibility includes the Western Pacific and Indian Ocean and at any given time there are roughly 50 70 ships and submarines, 140 aircraft and approximately 20,000 sailors under its command.
A statement by the Reliance Infrastructure (RInfra) controlled RDEL said it has signed the Master Ship Repair Agreement (MSRA) with US Navy.
It added that earlier in January, Reliance Shipyard was qualified by US Navy as an approved contractor to perform complex repair and alteration services for the US Navy's Seventh Fleet vessels operating in the region.
Reliance Shipyard at Pipavav, Gujarat is the first shipyard in India to have received MSRA Certification to undertake servicing and repairing works for the vessels of Seventh Fleet.
It is estimated that the potential business for RDEL will be very high.
The fleet has about 100 vessels of different types, including auxiliaries. Currently, the vessels of US Navy's Seventh Fleet visit Singapore or Japan for such works.
Reliance Shipyard has been selected after a detailed site survey by US Government representatives in end October 2016, the statement said.
After over a decade of negotiations, India and the US had in August last year signed the Logistics Exchange Memorandum of Agreement (LEMOA), a tweaked India-specific version of the Logistics Support Agreement (LSA), which the US has with several countries with close military-to-military ties.
The pact enables their militaries to use each other's assets and bases for repair and replenishment of supplies, making joint operations more efficient.
LEMOA facilitates the provision of logistical support, supplies and services between the US and Indian militaries on a reimbursable basis and provides a framework to govern them.
This may include food, water, billeting, transportation, petroleum, oils, lubricants, clothing, medical services, spare parts and components, repair and maintenance, training and other logistical services.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
http://www.dnaindia.com/money/report-reliance-defence-signs-warship-repair-pact-with-us-navy-2321155
http://www.thehindubusinessline.com/economy/logistics/reliance-defence-signs-pact-with-us-navy/article9538191.ece
