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Thursday, March 08, 2012

DCNS Signs Submarine Parts Deal With India’s SEC Industries

[Scorpene-class Submarine]French state-controlled shipbuilder DCNS has given a EUR50 million (3.10 billion rupees) contract to India’s SEC Industries Ltd. to manufacture parts for the Scorpene submarine, the Business Line newspaper reported Wednesday.

DCNS has received a contract from India to supply six Scorpene attack submarines, which are under construction at the Mazagon Dock in Mumbai, the report said.

D. Vidyasagar, managing director of Hyderabad-based defense component maker SEC Industries, told the newspaper that his company has to execute the contract “in four years. We will gain in technology terms, infrastructure and trained manpower.”

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