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Anil Ambani pumps Rs 5,000 cr more for Pipavav shipyard
Kalyan Ray , New Delhi, July 17, 2015, dhns
Four months after acquiring Pipavav Shipyard, Reliance Group chairman Anil Ambani has announced pumping in Rs 5,000 crore in the Gujarat-based yard, so that it can bid for the construction of not only small ships but even the larger warships for the Indian Navy.
“We will invest an additional Rs 5,000 crore over the next few years as part of our commitment towards indigenisation efforts,” Ambani said at a navy-industry seminar, while showcasing the yard’s capabilities and future plans.
With more than 30 lakh square feet of covered area for fabrication and integration, Pipavav was perhaps the largest single location defence manufacturing facility in India, he said. It has also India’s largest dry dock.
Navy officials, however, are dissatisfied with Pipavav’s performance, which was given Rs 2,974 crore contract in May, 2011 to build five offshore patrol vessels for the navy. The yard has missed several deadlines including the one in June 2015.
Almost the same time, Goa Shipyard Limited was given another order to manufacture four OPV. The public sector unit delivered all of them in time. The last one was commissioned in August 2014.
However, Ambani, who acquired Pipavav with an investment of Rs 819 crore in March, said Reliance was committed to make it a global centre of excellence in ship building. “This facility will be capable of delivering all requirements of the Indian Navy from frigates to aircraft carrier to submarines,” he said.
Underscoring the importance of partnership, Defence Minister Manohar Parrikar asked the Navy to consider the industrial houses as business partners, rather than maintaining a buyer-supplier relation.