India's mammoth over Rs 50,000 crore plan to construct seven advanced stealth frigates, with all weapon and missile systems under the hull for a lower radar "signature", is finally gathering some momentum now in tune with the overall strategy to build a futuristic blue-water Navy indigenously.This major plan, codenamed 'Project-17A', will be a strong booster dose for defence shipyards since it will be shared between Mazagon Docks (MDL) at Mumbai and Garden Reach Shipbuilders and Engineers (GRSE) at Kolkata.
"The CNC (contract negotiation committee) is currently underway for P-17A, which has already been approved by the defence ministry. The contract will be awarded after the final nod from the Cabinet Committee on Security. While MDL will build four, GRSE will construct the other three," said a source.
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