In a significant step for the country’s ‘Make in India’ programme, Anil Ambani-led Reliance Group’s Pipavav Defence and 5 (PDOC) signed an agreement with JSC Ship Repairing Centre Zvyozdochka, Russia, for Medium Refits and Life Certification of 877 EKM Submarines in India. With this, Reliance Group became the first private sector Indian company to refit of submarines in India. Both entities will execute the programme under a joint venture (JV) company with an indicative value of 11,000 crore rupees in which PDOR will have 51 per cent stake. As per the agreement,
Under the agreement, Zvyozdochka will provide complete technical assistance and support to the JV, including for the enhancement of infrastructure at the PDOC facilities, training of engineers, and the like. PDOC technicians will also be closely associated with the first refit to be carried out in Russia. It will also provide the enhancement of infrastructure at the PDOC facilities in Gujarat and training of engineers. Apart from India, the JV Company will undertake similar work for large submarine forces of similar class deployed by countries such as Vietnam, Algeria and Iran. It should be noted that Zvyozdochka is the premier ship repairing centre in Russia and has undertaken upgradation and refurbishment of more than 90 warships and 120 submarines.
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