Kolkata-based public sector shipyard eyes foreign orders
A Kolkata-based public sector shipyard is trying to get a toehold in the international market, eyeing orders worth Rs 2,600 crore to supply warships to the navies of the Philippines and Vietnam.business Updated: Dec 18, 2014 20:12 IST
A Kolkata-based public sector shipyard is trying to get a toehold in the international market, eyeing orders worth Rs 2,600 crore to supply warships to the navies of the Philippines and Vietnam. The shipyard, Garden Reach Shipbuilders and Engineers Ltd (GRSE), is competing with European and Korean firms for a Rs 2,000-crore contract to build two light frigates for the Philippines navy.
GRSE chairman Rear Admiral AK Verma (retd) said on Thursday the shipyard would conclude the final round of “technical clarifications” with the Philippines in January and then bid for the contract.
“It will be tough as we are bidding in the global market for the first time. But India offers tremendous cost benefits over foreign shipyards in terms of labour, skills and materials,” he said. GRSE is competing with Spanish firm Navantia, STX France and Korean companies Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering Co and STX Korea for the order.
GRSE is also in talks with Vietnam to supply four fast patrol boats worth Rs 600 crore to the country. The boats would be 37 metres in length and have a displacement of 140 tonnes. Hanoi will draw down on a $100-million line of credit extended by India to buy these boats.
GRSE’s marketing head Commander Sanjeev Raman (retd) said Brunei had shown interest in the Kamorta-class anti-submarine warfare corvettes being built at the shipyard.
GRSE will make its first foray into the global market on Saturday when it hands over an offshore patrol vessel (CGS Barracuda) to Mauritius - India’s first warship export. Built under a March 2011 contract, the $58.5-million warship measures 74 metres by 11 metres and has a displacement of 1,350 tonnes. Verma said he was optimistic about a follow-on order from Mauritius. The vessel is fitted with weaponry supplied by the ordnance factory board.
The Barracuda is capable of carrying out a variety of roles such as anti-piracy operations, search and rescue, surveillance missions to prevent smuggling and drug trafficking at sea and transportation of small detachment of troops.
Two offshore patrol vessels are currently being built at the Goa Shipyard Limited for the Sri Lankan navy.
First Published: Dec 18, 2014 18:47 IST