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Thursday, May 20, 2010

To meet demand, Indian Navy for PPP model to build ships

INS ShivalikIn a bid to bridge the gap between demand and supply of naval ships, the Indian Navy is now deliberating upon speeding up the process of using Public Private Partnership (PPP) and forming a joint-venture with a modern and well-equipped private shipyard to meet the country's naval requirements.

The matter is being discussed in the ongoing Naval Commanders Conference that began on May 18.

The Navy, as per projected estimates, plans to increase its force level to 150-160 ships by 2022.

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