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Tuesday, May 12, 2015

Time, cost overruns hit warship projects

INS VikrantThe government has been left with little option but to spend approximately Rs 29,000 crore extra from its coffers to complete eight indigenous warships, thanks to shoddy planning and poor execution on the part of the agencies associated with these projects.

Going by the original plan, the three naval projects cumulatively would have cost Rs 9,892 crore and should have gone into service in the last decade.

But while cost was revised upwards to Rs 38,855 crore – a jump of Rs 28,963 crore — the projects are six to eight years behind the planned delivery schedule.

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