Thursday, April 1, 2010

India Will Expand Government Shipyard

India's state-owned Garden Reach Shipbuilders & Engineers (GRSE), Kolkata, is to double its capacity in the next 12 months at a cost of $87 million. The funds for the expansion have been sanctioned by the Indian Finance Ministry.The expansion will mainly focus on increasing the capacity of the Raja Bagan Dockyard acquired by GRSE in 2006 from the Central Inland Water Transport Corporation.GRSE built the Indian Navy's Godavari-class frigates; missile corvette, which is equipped with surface-to-surface and surface-to-air missiles and anti-aircraft guns; and a variety of patrol boats.............................Source

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