MP High Court: Estranged Husband Entitled to Loss of Consortium Compensation After Wife’s Death  ||  J&K & Ladakh HC: Claims under Roshni Act Void Ab Initio, Ownership Rights Null from Inception  ||  Madras High Court Directs Expedited Trials in 216 Pending Criminal Cases Against MPs and MLAs  ||  MP High Court: Allowing Minor to Drive Without Valid License Constitutes Breach of Insurance Policy  ||  Punjab & Haryana High Court: Cyber Fraud Cases Uphold Public Trust, Cannot Be Quashed by Compromise  ||  SC: Customer-Banker Relationship Based on Mutual Trust, Postmaster’s Reinstatement Quashed  ||  Supreme Court: Company Buying Software for Efficiency and Profit Is Not a ‘Consumer’ under CPA  ||  SC: Long Custody or Trial Delay Not Ground for Bail in Commercial Narcotic Cases if S.37 Unmet  ||  Calcutta HC Disqualifies Politician Mukul Roy from Assembly under Anti-Defection Law  ||  Supreme Court Bans Mining in and Around National Parks and Wildlife Sanctuaries    

Union Cabinet approves contract signing with L&T for three Cadet Training Ships, worth over Rs. 3,100 crore, under Buy (Indian-IDDM) category- (Press Information Bureau) (01 Mar 2023)

MANU/PIBU/0853/2023

Commercial

The Union Cabinet has accorded approval to sign a contract with Larsen & Toubro Limited (L&T) for acquisition of three Cadet Training Ships, at an overall cost of Rs. 3,108.09 crore, under Buy {Indian-IDDM (Indigenously Designed, Developed and Manufactured)} category. The delivery of ships is scheduled to commence from 2026.

These ships will cater to the training of officer cadets, including women, at sea after their basic training to meet the future requirements of the Indian Navy. The ships would also provide training to cadets from friendly countries with the aim to strengthen diplomatic relations. The ships can also be deployed for evacuation of people and Humanitarian Assistance and Disaster Relief (HADR).

The ships will be indigenously designed, developed and constructed at L&T shipyard in Kattupalli, Chennai. The project will generate an employment of 22.5 lakh man-days over a period of four-and-half years. This will encourage active participation of Indian shipbuilding and associated industries, including MSMEs. With the majority of the equipment and systems sourced from indigenous manufacturers, these vessels will be a proud flag bearer of 'Aatmanirbhar Bharat' in consonance with the 'Make in India' initiative of the Government.

Tags : APPROVAL   CONTRACT   INDIAN-IDDM  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved