India Seeks to Buy $2.2 Billion Warships to Meet China Challenge

[undercover JIX]

India Seeks to Buy $2.2 Billion Warships to Meet China Challenge
By
Nc Bipindra
July 1, 2019, 10:07 AM GMT-4

• 
  Seven local shipyards invited to submit bids for missile ships
• 
  Larsen & Toubro, Reliance Naval among short listed players

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MAZAGON DOCK SHIPBUILDERS LT
Private Company
LT
LARSEN & TOUBRO
1,559.30
INR
+2.65+0.17%
RNAVAL
RELIANCE NAVAL A
4.05
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+0.10+2.53%
7559676Z
GOA SHIPYARD LTD
Private Company
6595300Z
HINDUSTAN SHIPYARD LTD
Private Company
India sought bids for purchase of warships and support vessels for its navy and coast guard as it ramps up security of its maritime border in the Indian Ocean region.



The Narendra Modi government on Monday asked seven shipyards to submit proposals for the construction of six missile warships and other smaller vessels worth 150 billion rupees ($2.2 billion), the Ministry of Defence said in a statement. The tender includes eight fast patrol vessels, 12 hovercrafts and eight missile-cum-ammunition barges.



The shipbuilders invited include private shipyards Larsen & Toubro Ltd. and Reliance Naval & Engineering Ltd., apart from the state-run Mazagon Dock Shipbuilders Ltd., Garden Reach Shipbuilders and Engineers Ltd., Goa Shipyard Ltd., Hindustan Shipyard Ltd. and Cochin Shipyard Ltd., people with knowledge of the matter said. They asked not to be identified citing rules.



The tenders are part of Modi’s $250-billion military modernization plan to arm the South Asian nation at a time when it faces threats in its maritime waters from its neighbor China. Beijing has in the past sent its warships to the Indian Ocean region, ostensibly for providing security to its oil tankers.



Shipyards were finalized after consultations with the Navy and the Coast Guard based on their ability to build missile warships, the ministry said in the statement. Financial criteria has also been rationalized to add a larger pool of players, it added.



“In addition to the above, a few more request for proposals for more shipbuilding projects are likely to be issued in the next few months,” the statement said.

On June 20, the defense ministry had issued its first military tender under the second Modi government for building six submarines for the Indian Navy for a cost of 450 billion rupees.

Indian Navy targets a fleet of 200 warships by 2027 but is woefully short with a current strength of 140 warships. The Indian Coast Guard too plans to have 200 vessels by 2022, but is short by 35 ships.

https://www.bloomberg.com/news/arti...-2-2-billion-warships-to-meet-china-challenge

 

[Han Patriot]

250bil$ could have enabled construction of desalination plants, dams and food for a lot of people.

 

[undercover JIX]

250bil$ could have enabled construction of desalination plants, dams and food for a lot of people.

India is rich going to be 5 trillion economy, money is no issue as well as Indian public. Modi will make India great again.

 

[maithil]

NGMV is a good concept. Small version of Soviet Missile cruisers.

India is rich going to be 5 trillion economy, money is no issue as well as Indian public. Modi will make India great again.

Indian nominal GDP should easily touch 5 trillion in next 5 years. Modi will have more money to play with.

 

[undercover JIX]

NGMV is a good concept. Small version of Soviet Missile cruisers.



Indian nominal GDP should easily touch 5 trillion in next 5 years. Modi will have more money to play with.

That is what I said.

No water, whole mumbai delhi under water after a day rain, farmers issues and so on and so forth. India has money and Modi knows how to spend it.

 

[beijingwalker]

Challenging an economy 5 times of yours is not a smart move.

 

[undercover JIX]

Challenging an economy 5 times of yours is not a smart move.

Smart move???? you are talking about Modi ka India

 

[War Thunder]

Challenging an economy 5 times of yours is not a smart move.

Living in a delusion that everything works like it does in bollywood is not either.
But their public opinion and spending works that way...

 

[Kaniska]

Challenging an economy 5 times of yours is not a smart move.

Agree...neither we will be able to catch up with China...But we can have minimum deterrence to protect ourselves from China which is always standing with all the opposing forces of South Asia...