Blow to Make in India: Rs 32,000 crore minesweeper warship deal scraped with South Korea

By Diksha Goyal, 2018-01-08 08:27:13

On Monday, according to latest news reports India government has called the Rs 320 billion minesweepers project deal with South Korea.

The Times of India reported, the government of India has scraped the Rs 32,000 crores project to make 12 advanced minesweepers at the Goa Shipyard in partnership with South Korea. Its a sign of damaging blow to both the Navy and its own Make in India schemes in the defence sector.

We were unable to resolve commercial complications despite our best efforts. This particular deal with the Koreans is off, GSL chairman Rear Admiral Shekhar Mital (retd.) told to Hindustan Times.

Highly developed minesweepers are specialized to build warships that track, detect and destroy underwater mines by the side of the coasts. Minesweepers become very important in the larger perspective for India's marine security.

In the Indian Ocean region China has been deploying its submarines, where India is a major competitor too. Moreover, these submarines have the capability to normally place mines, its threatening India's maritime interests.

Source: Kaniz.in

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