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Saturday, July 25, 2009

Gorshkov 60% more expensive than a new carrier, says CAG

INS VikramadityaIn a scathing report on the 2004 Gorshkov deal, the Comptroller and Auditor General (CAG) has said the government is acquiring a second-hand aircraft carrier that has half the life span of a new ship and is turning up to be 60 per cent more expensive.

The CAG has also alleged that the government has given undue favour and concessions to French firms in the Rs 18,000 crore deal for six Scorpene submarines for the Indian Navy that was inked in 2005.

Coming down heavily on the government for choosing to acquire a second-hand carrier, the CAG report says due to the inordinate delays in delivery, the ‘objective of induction’ of the warship ‘to bridge the gap in Indian Navy capabilities has been defeated’.

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