Govt inks Rs 1070 cr pact with Mazagon Dock Shipbuilders for 14 fast patrol vessels 

The Ministry of Defence signed a contract with Mazagon Dock Shipbuilders Ltd (MDL) on Wednesday for the acquisition of 14 'Fast Patrol Vessels' (FPVs) for the Indian Coast Guard (ICG)."The value of the contract is Rs 1070.47 cr. These multi-role FPVs will be indigenously designed, developed and manufactured by MDL under the buy (Indian-IDDM) category and will be delivered in a total of 63 months," the MoD said in a statement.Along with several high-tech advanced features and equipment, these FPVs will be equipped with multipurpose drones, wirelessly controlled remote water rescue craft lifebuoy AI capability etc, enabling greater flexibility and operational edge to the ICG to face new age multidimensional challenges, it added."These modern FPVs will play a critical role in enhancing fisheries protection and monitoring, control and surveillance, anti-smuggling operations, search and rescue operations including in shallow waters, assistance to ships in distress, towing capabilities, assistance and monitoring during marine pollution response operations, anti-piracy operations. The acquisition of these FPVs is aimed to boost ICG's capability and reinforces the increased focus of the government towards maritime security," the ministry said.In line with the 'Atmanirbhar Bharat', the contract will boost the nation's indigenous shipbuilding capability bolstering maritime economic activities and fostering growth of ancillary industries, especially the MSME Sector. The project will effectively generate employment opportunities and expertise development in the country.