India building 60 Navy ships, likely to see Rs 3 trillion return: Modi

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India building 60 Navy ships, likely to see Rs 3 trillion return: Modi - Business Standard

Quick Summary:

Citing the shipbuilding ecosystem as an example, he noted that experts estimate every rupee invested in shipbuilding has nearly double the economic impact, according to an official release by the Ministry of Defence (MoD).

INS Surat, the fourth and final ship of the P15B Guided Missile Destroyer Project, is among the largest and most advanced destroyers in the world, with 75 per cent indigenous content and state-of-the-art weapon-sensor systems, along with cutting-edge network-centric capabilities.

As part of its 2025 agenda, the MoD has emphasised the need for defence acquisition procedures to be "simpler and time-sensitive to facilitate swifter and robust capability development".