In all future shipbuilding contracts of the Navy, 88% of them on cost basis, amounting to investments of nearly ₹1,75,000 crore, are being progressed through Indian enterprises, Navy Chief Admiral R. Hari Kumar said on Friday at the launch of the fourth Project-17A stealth frigate ‘Dunagiri’ at the Garden Reach Shipbuilders and Engineers Limited (GRSE) in Kolkata.
This means that, for every ₹10 crore spent on capital procurement, ₹9 crore is invested back into our economy, Admiral Kumar said. In addition, 29 Indian original equipment manufacturers along with Micro, Small and Medium Enterprises (MSME) across the country are contributing to this project, he added.
Kala Hari Kumar, wife of Admiral Kumar and president, Navy Wives Welfare Association, performed the traditional honours and named the ship ‘Dunagiri’ after which it was launched into the Hooghly river.
