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Saturday, April 09, 2011

Indian navy ponders new minesweepers

Osprey class minehunterThe Indian navy is keeping its options open for replacing its aging fleet of Pondicherry and Karwar class minesweepers, including building ships in South Korea.

A cost negotiation committee remains in discussion for a final price for two vessels with the Kangnam Corp. Shipyard in Busan, South Korea. More ships would be built in India under technology transfer deals.

The deal with KCS could be worth up to $1.02 billion, a report in The Hindu newspaper said.

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