India's largest ever indigenous defence contract is shortly expected to get final approval with the Navy freezing the design and specifications for the P-17A stealth warships and completing all commercial negotiations for the project.
Top Navy designers who have been working on the project have confirmed that the project is expected to get final clearances from the Cabinet Committee of Security (CCS) shortly after which construction of seven modern warships will commence at shipyards in Kolkata and Mumbai.
The mega project, that was expected to be worth Rs 45,000 crore when it was cleared by the Defence Acquisition Committee (DAC) in 2009, is billed as a game changer for the Indian ship-building industry not only for being the most expensive Indian warship yet but also because it will give shipyards the critical technology of modular construction that enables a rapid production rate.
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