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 India: Global hub for warship-building

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Join date : 2009-12-12
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PostSubject: India: Global hub for warship-building   India: Global hub for warship-building Icon_minitimeTue Dec 15, 2009 2:16 am

Strategic circles are abuzz with rumours that the United Kingdom will soon offer India one of the new-generation aircraft carriers that it is constructing, since they are turning out too expensive for the Royal Navy to afford. Interestingly, India will almost certainly turn down the offer.The Royal Navy had planned to build two Carrier Vessels Future (CVFs): the 65,000 tonne HMS Queen Elizabeth and HMS Prince of Wales. With the budgeted price of US $6.4 billion (Rs 30,000 crore) for the pair, now apparently the cost of each, building a third and selling it abroad is an option being considered to reduce the unit price. But, in contrast to this exorbitant price, the cost of India’s 44,000 tonne Indigenous Aircraft Carrier (IAC), under construction at Cochin Shipyard Limited (CSL), is barely a third of the Queen Elizabeth. And the Indian Navy’s next IAC, a 60,000 tonne behemoth like the Queen Elizabeth, will cost less than half its British counterpart.

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