Hindustan Shipyard signs Rs 19,000 Cr fleet support contract
The contract marks a significant step for the Indian shipbuilding industry, as the 44,000-ton fleet support ships will be the first of their kind to be constructed in India by an Indian Shipyard. This undertaking is poised to generate substantial employment opportunities, creating approximately 1.69 crore mandays over an eight-year span. Moreover, it is expected to foster collaboration among associated industries, including MSMEs, thereby boosting the nation's manufacturing ecosystem.
Integral to India's 'Aatmanirbhar Bharat' (self-reliant India) initiative, the majority of components for these vessels will be sourced from domestic manufacturers, aligning with the 'Make in India' vision of the government. With these strides, Hindustan Shipyard emerges as a key player in fortifying the nation's naval capabilities and propelling the growth of indigenous shipbuilding capabilities.