GRSE negotiating for building warships for Philippines

Image
IANS Kolkata
Last Updated : Mar 23 2015 | 7:48 PM IST

After making India's first warship for export, the Garden Reach Shipbuilders and Engineers Ltd (GRSE) is negotiating for delivery of two light frigates to the Philippines, an official said here on Monday.

The GRSE-built offshore patrol vessel (OPV) CGS Barracuda was commissioned by the National Coast Guard of Mauritius earlier in the month at Port Louis Harbour during a visit by Prime Minister Narendra Modi.

"The success of Barracuda has generated a lot of interest in the GRSE among foreign countries. Right now we are doing a technical negotiation for two light frigates for Philippines," GRSE chairman and managing director Rear Admiral A.K. Verma (retd) said here.

"The price bids are being finalised. Our competitors are Europeans and (South) Korean firms, so it's a big challenge for us. But if we get it, it will be a very big achievement both for the GRSE and the country," said Verma.

Verma was speaking during the launch of a GRSE-built Landing Craft Utility (LCU) for the Indian Navy.

Verma said the defence miniratna PSU was in competition with six foreign ship yards including Navantia, Spain; STX France; and Hyundai, Daewoo, and STX from Korea.

The GRSE which delivered India's first indigenously-built stealth Anti-Submarine Warfare (ASW) Corvette, INS Kamorta, to the Indian Navy is working on 15 more ships.

"The INS Kamorta was the 93rd ship that we built and delivered. No other shipyard in the country has this recognition. Currently we are working on orders of 15 more ships for the navy," said Verma.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 23 2015 | 7:40 PM IST

Next Story