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Tuesday, December 12, 2006

Indian Navy Issues RFI for Stealth Frigates Contract

Admiral Sureesh MehtaThe Indian Navy plans to acquire up to seven stealth frigates from either European or Russian shipyards. The Navy is also said to be looking for joint development and technology transfer as part of the estimated Rs. 4,000 crore deal.

The Request for Information (RFI), the first formal step in the process of military acquisition, has been issued to about a dozen European and Russian shipyards. The proposed acquisition would be worth more than Rs 30,000 crore.

Confirming the issue, Navy Chief Admiral Sureesh Mehta, said it was prompted by the delay in acquisition of modern equipment that set in during the past two decades due to constraints on defence budgets and other factors, and the inability of Indian shipyards to deliver quickly.

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