32,640-crore (about$ 5.1 billion) programme for 12 MCMVs was to be built at the Goa Shipyard Limited (GSL) with the collaboration of Busan-based yard..."/> 32,640-crore (about$ 5.1 billion) programme for 12 MCMVs was to be built at the Goa Shipyard Limited (GSL) with the collaboration of Busan-based yard..." />

India’s Mine Counter-measure Vessels (MCMVs) negotiations fail

Issue: 1 / 2018

The 32,640-crore (about$ 5.1 billion) programme for 12 MCMVs was to be built at the Goa Shipyard Limited (GSL) with the collaboration of Busan-based yard, Kangnam Corporation of South Korea under the ‘Make in India’ initiative. It is now learnt that negotiations with Kangnam for new minesweeper vessels have collapsed at the final stage due to pricing, leaving great voids in the mine-warfare capability of the Navy. GSL chairman Rear Admiral Shekhar Mital (retd) stated that, “We were unable to resolve commercial complications despite our best efforts. This particular deal with the Koreans is off.” This is the second time the deal with Kangnam has been cancelled. India will now have to start afresh by issuing a global RFP for its quest for MCMVs.