Navy’s wait for minesweepers continues as Govt is yet to ink the deal Even after completing the contract negotiations with a South Korean shipyard for building eight minesweepers for the Indian Navy, bureaucratic red tape and procedural wrangle have over the past one year have delayed inking the deal as the files are still doing the rounds in the Defence Ministry. The process to acquire badly needed minesweepers for the Navy was initiated 13 years ago and the Government is yet to sign the deal with the South Korean firm Kangam which had emerged as the lowest bidder. As a result, Navy’s wait to add to its already depleted strength of minesweepers still continues and the already negotiated deal, estimated to be worth Rs. 24,000 crores, appears to be in a state of limbo. Though the deal with South Korea denotes New Delhi’s “strategic” partnership with Seoul, the uncertainty in signing the de
Posted on: Sun, 15 Sep 2013 11:50:07 +0000
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