New warship plans stalled by Ministry's JV freeze

Planning has stalled for building new indigenous warships for the Indian Navy. This after Defence Minister A K Antony, rattled by protests from private shipbuilders, scuttled a proposed joint venture (JV) on September 26 between public sector shipbuilder, Mazagon Dock Ltd, Mumbai (MDL) and the private Dahej-based Pipavav Shipyard; and announced a freeze on warship building JVs until a formal policy was formulated.

Read Full Story>>