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Friday, December 19, 2014

India bids for building frigates for Manila

CGS BarracudaEven as India is now all set to export its first warship to Mauritius, it is also bidding for an Rs 2,000 crore project to build two frigates for Philippines amid stiff competition from European and South Korean shipyards.

Kolkata-based defence shipyard Garden Reach Shipbuilders and Engineers Limited (GRSE) is also gearing up to build four offshore patrol vessels (OPVs) for Vietnam under the $100 million credit line extended to it.

India is helping Vietnam with submarine and fighter training as well as military equipment, with both being wary of an assertive China in the Asia Pacific region, as reported earlier by TOI.

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