FCC

Hindustan Shipyard signs Rs 19,000 Cr fleet support contract

2023-08-28

Hindustan Shipyard has achieved a major milestone by signing a ₹19,000 crore contract with the Indian defence ministry. The agreement outlines the construction of fleet support ships (FSS) that will play a pivotal role in augmenting the capabilities of the Indian Naval Fleet. These innovative vessels, designed to replenish ships at sea with vital supplies like fuel, water, ammunition, and stores, will enable prolonged operational periods without needing to return to the harbor. This enhancement in strategic reach and mobility aligns with the Indian Navy's ambitions.

The contract marks a significant step for the Indian shipbuilding industry, as the 44,000-ton fleet support ships will be the first of their kind to be constructed in India by an Indian Shipyard. This undertaking is poised to generate substantial employment opportunities, creating approximately 1.69 crore mandays over an eight-year span. Moreover, it is expected to foster collaboration among associated industries, including MSMEs, thereby boosting the nation's manufacturing ecosystem.

Integral to India's 'Aatmanirbhar Bharat' (self-reliant India) initiative, the majority of components for these vessels will be sourced from domestic manufacturers, aligning with the 'Make in India' vision of the government. With these strides, Hindustan Shipyard emerges as a key player in fortifying the nation's naval capabilities and propelling the growth of indigenous shipbuilding capabilities.