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MoD Inks ₹19,000 Crore Contract with HSL for 5 FSS for Navy

MoD Inks ₹19,000 Crore Contract with HSL for 5 FSS for Indian Navy

On August 25, the Ministry of Defence formalized a contract with Hindustan Shipyard Limited (HSL) located in Visakhapatnam. This agreement pertains to the procurement of five Fleet Support Ships (FSS) for the Indian Navy, with a total estimated cost of approximately ₹19,000 crore.

This significant initiative aligns with the objective of enhancing self-sufficiency in defense manufacturing, as these vessels will be designed and constructed within India by HSL in Visakhapatnam. The acquisition of these ships was endorsed by the Cabinet Committee on Security during its meeting on August 16, 2023.

Benefits of The Fleet Support Ships (FSS)

Significance of the Contract