The construction of the fourth next-generation offshore patrol vessel for the Indian Coast Guard has commenced with a keel-laying ceremony in Mumbai. The vessel is being indigenously designed and built by Mazagon Dock Shipbuilders under the government's Aatmanirbhar Bharat initiative
"Within next 4-5 years, this country will have a lot of indigenous content in the Indian armed forces and we will be seeing tremendous amount of increase in exports," he said
The bulletin cited the pandemic-imposed retrenchment of Q1FY21 turned out to be much shallower in Q2 and the economy is reflating at a pace that beats most predictions.
Lok Sabha Speaker Om Birla aid the new building will be earthquake resistant and 2000 people will be directly involved in the construction of the new building and 9,000 indirectly.
