PWC News
Monday, June 15, 2026
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

India’s First Dual-Coast Submarine Manufacturing: Mazagon Dock, Hindustan Shipyard to sign historic pact

Home Business
Share on FacebookShare on Twitter


In a landmark growth for the home defence sector, state-run shipbuilders Mazagon Dock Shipbuilders Ltd (MDL) and Hindustan Shipyard Ltd (HSL) are poised to signal a memorandum of understanding (MoU) to collectively construct submarines—establishing the nation’s first-ever dual-coast submarine manufacturing functionality. The collaboration marks a strategic push below the Narendra Modi authorities’s Aatmanirbhar Bharat initiative to ramp up indigenous defence manufacturing and scale back reliance on international suppliers. It would considerably improve the nation’s capability to provide superior submarines for the Indian Navy.

Mumbai-based MDL has a confirmed monitor report of constructing each Shishumar-class and the more moderen Scorpene-class submarines below expertise partnerships. It’s at the moment within the fray for the Rs 45,000-crore Venture 75(I) submarine tender, in collaboration with German submarine maker TKMS.

HSL, headquartered in Visakhapatnam on the east coast, has the distinctive distinction of being the one Indian shipyard to have accomplished a full-scale submarine modernisation—the advanced refit of INS Sindhukirti. It continues to deal with main refits and overhauls for the Navy’s underwater fleet.

This dual-yard initiative fulfills a long-standing strategic imaginative and prescient relationship again to 1999, which known as for establishing a submarine-building facility on the east coast to enhance the west coast’s capabilities.

The Indian Navy has projected a requirement for not less than 24 submarines to counter growing maritime threats and assert dominance within the Indo-Pacific. Given the complexity and lengthy timelines related to submarine development, the MDL-HSL partnership can be essential in accelerating supply schedules, guaranteeing manufacturing continuity, and mitigating dangers related to single-yard dependence.

Operation Sindoor—an intensive underwater surveillance and deterrence train carried out by the Navy—has highlighted the vital function of submarines in safeguarding India’s maritime pursuits.

The twin-coast manufacturing technique is anticipated to considerably improve India’s underwater fight readiness and aligns with its broader ambition to emerge as a dominant Blue Water Navy with attain throughout the Indo-Pacific area.

With this transfer, India takes a decisive step towards creating a sturdy, self-reliant ecosystem in underwater warfare platforms, securing not simply its coastlines but in addition its strategic maritime pursuits far past.



Source link

Tags: DockDualCoastHindustanhistoricIndiasmanufacturingMazagonpactShipyardSignsubmarine
Previous Post

Who Controls Planet Earth? – 2GreenEnergy.com

Next Post

Coinbase to Start 24/7 Futures Trading for XRP And Other Alts

Related Posts

Milky Mist updating books with FY26 numbers, to file UDRHP for IPO, says CEO Rathnam
Business

Milky Mist updating books with FY26 numbers, to file UDRHP for IPO, says CEO Rathnam

June 15, 2026
Millions of Americans Are Retiring Earlier Than They’d Planned To — Here’s Why
Business

Millions of Americans Are Retiring Earlier Than They’d Planned To — Here’s Why

June 14, 2026
SpaceX went from three consecutive rocket explosions and near-bankruptcy in 2008 to the biggest IPO in history | Fortune
Business

SpaceX went from three consecutive rocket explosions and near-bankruptcy in 2008 to the biggest IPO in history | Fortune

June 14, 2026
Explained: Why RBI’s FCNR(B) and ECB swap window could be a game changer for banks
Business

Explained: Why RBI’s FCNR(B) and ECB swap window could be a game changer for banks

June 14, 2026
Agios Pharmaceuticals, Inc. (AGIO) Discusses New Data and Strategic Expansion in Rare Hematology at EHA Investor Event Transcript
Business

Agios Pharmaceuticals, Inc. (AGIO) Discusses New Data and Strategic Expansion in Rare Hematology at EHA Investor Event Transcript

June 14, 2026
Ipca inks licensing agreement with Bhami Research for biologics delivery platform access
Business

Ipca inks licensing agreement with Bhami Research for biologics delivery platform access

June 13, 2026
Next Post
Coinbase to Start 24/7 Futures Trading for XRP And Other Alts

Coinbase to Start 24/7 Futures Trading for XRP And Other Alts

OpenSea Tops The NFT Market Chart In May 2025 – InsideBitcoins

OpenSea Tops The NFT Market Chart In May 2025 – InsideBitcoins

3 Best Altcoins Thriving Amid De-Dollarization and Pepe Wars

3 Best Altcoins Thriving Amid De-Dollarization and Pepe Wars

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Retail Crypto Trading in Japan May Face Major Reset as Tax Cut Plan Advances in Lower House
Cryptocurrency

Retail Crypto Trading in Japan May Face Major Reset as Tax Cut Plan Advances in Lower House

by PWC
June 11, 2026
0

Axi Overview: Platforms, Regulation & Buying and selling Options Defined | Finance Magnates Axi Overview: Platforms, Regulation & Buying and...

Sandisk Jumps 5.1% After Mizuho Maintains Outperform – Alphastreet

Sandisk Jumps 5.1% After Mizuho Maintains Outperform – Alphastreet

June 9, 2026
Just-In: Whistleblower Files Lawsuit Against Elon Musk’s xAI & SpaceX Ahead IPO Listing

Just-In: Whistleblower Files Lawsuit Against Elon Musk’s xAI & SpaceX Ahead IPO Listing

June 12, 2026
Chinese CHEC chief meets Sri Lanka leader, expresses confidence: PMD | EconomyNext

Chinese CHEC chief meets Sri Lanka leader, expresses confidence: PMD | EconomyNext

June 14, 2026
State unlocks Sh3.5bn for Kenya Power Last Mile project dues

State unlocks Sh3.5bn for Kenya Power Last Mile project dues

June 14, 2026
From startup to .8 trillion: The investors who took a chance on SpaceX now reap the rewards

From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards

June 11, 2026
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.