India Approves $6.4bn Naval Project

5 August 2010 (Last Updated August 5th, 2010 18:30)

The Indian Ministry of Defence (MoD) has approved a Rs300bn ($6.4bn) naval project to indigenously construct four guided-missile stealth destroyers. The programme, codenamed Project-15B, has been sent to the Cabinet Committee on Security (CCS) for final approval, according to the Times

The Indian Ministry of Defence (MoD) has approved a Rs300bn ($6.4bn) naval project to indigenously construct four guided-missile stealth destroyers.

The programme, codenamed Project-15B, has been sent to the Cabinet Committee on Security (CCS) for final approval, according to the Times of India.

Construction of the stealth destroyers will be carried out at Mumbai-based Mazagon Docks Limited (MDL) after the completion of the ongoing project of Kolkata Class warships.

The 6,700t Kolkata Class destroyers being built at MDL are scheduled to be delivered to the Indian Navy in 2012-2014.

The MoD has recently approved Rs500bn ($10.7bn) project to build six new-generation submarines for the Indian Navy.