Nikhil Gandhi promoted Pipavav Shipyard, major private shipbuilding and offshore infrastructure company begins construction of defence naval ship for Indian Navy. This is the first time any private shipyard received a contract to build such naval ship for Indian Navy.
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Ministry to vet MDL’s tie-up with private firms
Mumbai-based defence shipyard Mazagon Dock (MDL) plans to enter into alliance with Pipavav Shipyard, Larsen and Toubro and ABG Shipyard to construct warships. Media reports suggest that the defence ministry would study the alliance of MDL with these private shipyards in order to ensure that there was no violation of rules framed