Defence ministry to extend all support to Goa Shipyard: Naik

Press Trust of India  |  Panaji 

Union of State for Defence on Monday said the Centre would provide all support to the Shipyard Limited so that it can complete all its ongoing defence-related projects on time.

held a meeting with Shipyard Limited Chairman and Managing Director (retd) B B Nagpal to review various projects, after the mine counter-measure vessels project to guard India's critical sea lanes hit a dead-end.

He said the issues faced by the Shipyard, located around 40 km from here in Vasco town, pertaining to orders from the defence ministry would be addressed immediately.

"The ministry will give all required support to the shipyard to complete the projects on time. We will also ensure that their order book is full," told reporters after the meeting.

The Goa Shipyard has required skilled manpower and a track record of completing its projects before time, he said.

Besides orders from the Indian defence forces, the ministry will also try to get assignments (orders) from navies of and for this public sector undertaking here, the said.

"The Goa Shipyard does not face any major challenges but there are some small issues which would be sorted out by the Union government," he said.

The Goa Shipyard earlier called off negotiations with a South Korean Company over a Rs 32,000 crore minesweepers or mine counter-measure vessels project following differences over a host of issues, including terms and conditions for technology transfer, according to sources.

According to the original understanding, the Goa Shipyard and the were to build 12 minesweepers in under the 'Make in India' initiative and the deliveries were to be completed within nine years of the start of the project.

However, both sides struggled to finalise various key aspects of the project.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 10 2019. 14:30 IST