Brahmand NewsPrevious Article
Brahmand NewsNext Article

Defence Ministry have finalised Rs 35,500 cr order for Goa shipyard: Parrikar


A file photo.

PANAJI (PTI): Defence Minister Manohar Parrikar on Tuesday said his ministry has finalised order worth Rs 35,500 crore for Goa Shipyard Limited and expressed hope employment opportunities will be generated for local youths.

He said talks are underway to take over the Automobile Corporation of Goa Limited (a state government undertaking) by Hindustan Aeronautic Limited (HAL).

"We have finalised an order for Goa Shipyard Limited worth Rs 35,500 crore. To execute the order, there will be direct investment of Rs 4,000 crore by the Shipyard," Parrikar said at the reception function on the 60th birthday of Chief Minister Laxmikant Parsekar here.

He said the Shipyard has already began work on constructing jetties and other infrastructure which would be completed in next one-and-half years.

"Goa Shipyard will have a turnover of Rs 3,500 crore annually providing employment to 3,000 youths," he said, adding more employment opportunities will be created due to outsourcing of works by the Shipyard.

On the talks to take over the ACGL, Parrikar said, "This will bring in investment of Rs 4,000-5,000 crore and also more employment opportunities".

Tags:

Other Related News

HAL, Bharat Electronics ink deal to make indigenous search & track system for Su-30 MKI jets

Hindustan Aeronautics Limited (HAL) on Tuesday said it has signed a contract with Bharat Electronics Limited (BEL) for co-development and co-production of Long Range Dual Band Infra-Red Search and Track System (IRST) for Sukhoi Su-30 MKI fighter jets.

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2022

Brahmand World Defence Update

Image Gallery