Breaking News
1. Joe Biden decides to pass on the torch to new generation      2. Wil Nifty Hold 24,200 on Monthly Expiry day      3. Kangana Ranaut’s Lok Sabha election from Mandi challenged      4. Early morning rain brings relief to Delhi      5. Nitish Kumar shouts at RJD MLA in Bihar Assembly, draws flak      6. Rouse Avenue Court extends judicial custody of Manish Sisodia and other accused till July 26      7. Supreme Court hearing NEET-UG issue      8. Singer Rahat Fateh Ali Khan arrested in Dubai: Reports      9. Assam CM Himanta Biswa Sarma meets PM Narendra Modi in Delhi      10. India needs to strike balance between import of goods and FDI inflows from China: CEA      11. INDIA bloc to convene meeting tomorrow      12. India's forex reserves surge to record high of $666.85 billion as of July 12      13. Hatred is in the veins of BJP: AAP MP Sanjay Singh      14. Union Home Minister Amit Shah chairs high level meeting with various Heads of Security and Law Enforcement Agencies      15. UP Vidhan Sabha session will begin from July 29      16. Indrani Mukerjea allowed 10-day abroad travel by special CBI court in Mumbai      17. Andhra Pradesh: Union Minister Nitin Gadkari visits Tirumala Venkateshwara Temple in Tirupati      18. Encounter breaks out in J-K's Doda      19. Moderate to heavy rain is expected in Mumbai, its suburbs today      20. Karnataka: Truck and tanker drivers stranded in Akola's Shirur due to landslide     

Atmanirbhar Bharat Getting Stronger Day by Day: Rs 19,600 Crore Contracts Signed to Boost Defence!

  • Posted on March 31, 2023
  • News
  • By Debarati Pal
Atmanirbhar Bharat Getting Stronger Day by Day:-

The Defence infrastructure of India has grown in leaps and bounds after Rs. 19,500 crore contracts were signed with Indian shipyards. These mega Rs. 19,500 crore contracts serve another purpose as well. It is a Great push towards the Atmanirbhar Bharat campaign started by PM Narendra Modi.

Atmanirbhar Bharat Getting Stronger Day by Day
Atmanirbhar Bharat Getting Stronger Day by Day

Details of The Rs 19,600 Crore Contracts

The Rs 19,600 Crore Contracts have become a flag bearer of the Atmanirbhar Bharat mission since all the manufacturers are Indian. The defense equipment that are about to be procured include 6 next-gen missile vehicles (NGMVs) and 11 next-gen offshore patrol vehicles. Out of this, Goa Shipyard Ltd (GSL) has received the contract for developing 7 patrol ships while Garden Reach Shipbuilders and Engineers (GRSE), Kolkata has received the contract to manufacture the rest 4 patrol ships. The delivery of patrol ships to the Indian Navy is expected to be concluded by September 2026. The contract for the missile ships has been received by Cochin Shipyard Limited (CSL).

Power of The Equipments

The Ministry of Defence has said, “The NGMVs would be heavily armed war vessels incorporating stealth, high speed and offensive capability. The primary role of the ships would be to provide offensive capability against enemy warships, merchantmen and land targets.” While the construction of the patrol ships are expected to provide an employment of 110 lakh man-days in a span of 7 and half years, the construction of the missile ships are expected to provide an employment of 45 lakh man-days over 9 years.

A Boost to Atmanirbhar Bharat by Rs 19,600 Crore Contracts

The indigenous contract will encourage ship-building Companies and MSMEs in India to participate with the Indian Defence forces in research and development for better military equipment. The Rs 19,600 crore contracts not only has boosted Atmanirbhar Bharat but also provided employment in Large scale to Indian workers.

Atmanirbhar Bharat Getting Stronger Day by Day
Atmanirbhar Bharat Getting Stronger Day by Day

For more updates keep visiting our website where we provide unbiased, true and top stories of the world.

No Image
Debarati Pal

You May Also Like