Anil Ambani, Russian firm to make warships for India
NEW DELHI: In a major boost to Prime Minister Narendra Modi’s Make in India initiative, Reliance Defence is set to enter into an agreement with Russian United Shipbuilding Company (USC) to build four frigates for the Indian Navy.
An agreement to this effect is likely to be signed during Modi’s visit to Moscow on Thursday, a Reliance Defence source said.
It will be the first time that a major warship will be built at a private sector shipyard in India.
These four front-line warships will be built at a cost of nearly Rs 30,000 crore at the Pipavav shipyard in Gujarat, a Reliance Defence official said.
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PM Narendra Modi during a guard of honour on his arrival at Vnukovo-2 Airport in Moscow on Wednesday.