Russian govt may give us order worth Rs 30,000-32,000 Crores: Nikhil Gandhi, Chairman, Pipavav Shipyard
Nikhil Gandhi , Chairman, Pipavav Shipyard in an interview with ET Now talks about the order from the Russian government to build stealth frigates.
Let me get a confirmation first. We believe that you bagged an order worth Rs 8000 crore from the Russian Government. Is it true?
No, we have signed a protocol with the Russian Government agency which is responsible for the defence cooperation with India and this protocol allows the construction of 4 stealth frigates for Indian Navy . The Russian Government agencies have built 3 stealth frigates already for the Navy and they are building another 3 at the Russian yard.
They have been to our yard and they have approved our capacity and capability and they have approved Pipavav as the only yard where they would like to build the next 4 frigates for the Indian Navy. So typically each frigate has a ballpark figure of 7000 crore to 8000 crore. So the 4 frigates as and when these get built could cost overall about 30000 to 32000 crores.
So you have got an approval from the said Russian Government arm. Is that a definitely order that you have received or that an estimate by when would you receive the order?
No, what happens that the Russian Government agency, they are the Russian Defence Ministry yards who have the technology to build the stealth frigates and they have already built 3 for the Navy and are building another 3 at their Russian yard and first we have to go through the process of approving the yard in India.
We are the only yard in the country who have received the license to produce the front line warships because of our infrastructure and it has been approved by them after a long period of time because you need to approve both capacity and capability and once that process is over, they select the yard which is capable of building that. So Pipavav is a yard which has been selected by them and the protocol has been signed to that effect which can result into building of the 4 more stealth frigates.
The protocol also incorporates the modernisation and dry-docking and midlife refit of large number of Russian built submarines which are in use with the Indian Navy. So far these are the assets which have been repaired and modernised in the Russian yard which now under their collaboration are likely to be done in the Pipavav Shipyard because we do have both in terms of infrastructure, manpower and the required capabilities to undertake this job. This is happening for the first time in the country and that too in a private yard like Pipavav.
The question would be is it necessary that the Russian arm will select India as a country in which these ships would be built or they can also go to other geographies.
No, the question is that so far Russian Ministry Defence yards, have building the F8s at their own yards in Russia and they also have been cooperating with the Indian ministry of defence yard but now more or less, most of the yards are chockablock and are looking at the yard which has the required capacity and capability and they went all over the country and so many yards and many facilities and finally they have approved Pipavav as the yard which can undertake the construction of the stealth frigate for the Indian Naval requirement.
Just to get it simply put, is it certain that Pipavav Shipyard in the next 3 months or 6 months would get an order to the size of Rs 8000 crore, Rs 16000 crore or possibly even Rs 32000 crore?
Russian Government after this protocol have returned to the both Ministry of Defence and the naval headquarters that this frigate could be built in India at the Pipavav Shipyard which is a very strong demonstration of the Pipavav’s capability and India being self reliant. In my mind, this is an extremely important step for the Pipavav Shipyard and Russian agencies would not write to the Indian Government or Naval Headquarters unless they have done their work thoroughly.
Russian govt may give us order worth Rs 30,000-32,000: Nikhil Gandhi, Chairman, Pipavav Shipyard - The Economic Times
Nikhil Gandhi , Chairman, Pipavav Shipyard in an interview with ET Now talks about the order from the Russian government to build stealth frigates.
Let me get a confirmation first. We believe that you bagged an order worth Rs 8000 crore from the Russian Government. Is it true?
No, we have signed a protocol with the Russian Government agency which is responsible for the defence cooperation with India and this protocol allows the construction of 4 stealth frigates for Indian Navy . The Russian Government agencies have built 3 stealth frigates already for the Navy and they are building another 3 at the Russian yard.
They have been to our yard and they have approved our capacity and capability and they have approved Pipavav as the only yard where they would like to build the next 4 frigates for the Indian Navy. So typically each frigate has a ballpark figure of 7000 crore to 8000 crore. So the 4 frigates as and when these get built could cost overall about 30000 to 32000 crores.
So you have got an approval from the said Russian Government arm. Is that a definitely order that you have received or that an estimate by when would you receive the order?
No, what happens that the Russian Government agency, they are the Russian Defence Ministry yards who have the technology to build the stealth frigates and they have already built 3 for the Navy and are building another 3 at their Russian yard and first we have to go through the process of approving the yard in India.
We are the only yard in the country who have received the license to produce the front line warships because of our infrastructure and it has been approved by them after a long period of time because you need to approve both capacity and capability and once that process is over, they select the yard which is capable of building that. So Pipavav is a yard which has been selected by them and the protocol has been signed to that effect which can result into building of the 4 more stealth frigates.
The protocol also incorporates the modernisation and dry-docking and midlife refit of large number of Russian built submarines which are in use with the Indian Navy. So far these are the assets which have been repaired and modernised in the Russian yard which now under their collaboration are likely to be done in the Pipavav Shipyard because we do have both in terms of infrastructure, manpower and the required capabilities to undertake this job. This is happening for the first time in the country and that too in a private yard like Pipavav.
The question would be is it necessary that the Russian arm will select India as a country in which these ships would be built or they can also go to other geographies.
No, the question is that so far Russian Ministry Defence yards, have building the F8s at their own yards in Russia and they also have been cooperating with the Indian ministry of defence yard but now more or less, most of the yards are chockablock and are looking at the yard which has the required capacity and capability and they went all over the country and so many yards and many facilities and finally they have approved Pipavav as the yard which can undertake the construction of the stealth frigate for the Indian Naval requirement.
Just to get it simply put, is it certain that Pipavav Shipyard in the next 3 months or 6 months would get an order to the size of Rs 8000 crore, Rs 16000 crore or possibly even Rs 32000 crore?
Russian Government after this protocol have returned to the both Ministry of Defence and the naval headquarters that this frigate could be built in India at the Pipavav Shipyard which is a very strong demonstration of the Pipavav’s capability and India being self reliant. In my mind, this is an extremely important step for the Pipavav Shipyard and Russian agencies would not write to the Indian Government or Naval Headquarters unless they have done their work thoroughly.
Russian govt may give us order worth Rs 30,000-32,000: Nikhil Gandhi, Chairman, Pipavav Shipyard - The Economic Times
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