In line with the requirement of the ‘Make in India’ initiative which calls for foreign defence companies to manufacture in the country, Russia is looking to invest in an Indian shipyard, a senior Russian official said on Monday. The official added that Moscow had overcome dependency on Ukraine for ship engines and was also offering them to India.
“We would like to participate in ‘Make in India’ and are preparing ourselves to build a full-fledged campus in India. We want to become a shareholder in a shipbuilding yard in India. We understand that there are a bunch of interesting options still in front of us and hopefully we will quickly make up our mind,” said Alexey Rakhmanov, Director-General of the United Shipbuilding Corporation (USC) of Russia, speaking to visiting mediapersons on the sidelines of the Army-2022 exhibition.
In the past, the USC had looked to acquire Pipavav shipyard but it has gone bankrupt.
