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Wednesday, November 21, 2012

Indian aircraft carrier: More costly, already delayed

IAC Vikrant under construction |The Defence Ministry will soon move the Union Cabinet for an additional Rs. 2000 crore to meet the cost overrun for completing the first phase of Indigenous Aircraft Carrier (IAC) being constructed at the Cochin Shipyard - on India's western seaboard.

The IAC, which is likely to be named INS Vikrant - after India's first and now decommissioned aircraft carrier - is delayed by at least five years and is expected to be with the Indian Navy only after 2018 as against the scheduled date of delivery of 2014, Defence Minister AK Antony had earlier told Parliament.

For the Indian Navy the delay and the cost overrun of the indigenously made aircraft carrier is almost a double whammy as the Russian built Aircraft Carrier Admiral Gorshkov, renamed as INS Vikramaditya, is also delayed.

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