Defense Minister Manohar Parrikar told the Rajya Sabha last week in response to a question from Dr. K.P. Ramalingam said that, “There have been occasions when naval vessel construction projects of Indian Navy have had time and/or cost escalations, major reasons for which include delay in availability of warship grade steel, delay in design finalization, delay in receipt of critical equipment/technology, infrastructural constraints of the shipyards & delay in development of indigenized equipments/weapons.”
Project 15A is the program for the three Kolkata-class stealth guided-missile destroyers, to be followed by the more advanced Project 15B vessels.
Project 15A: INR 3580 Crore
Revised Cost: INR 11662 Crore
Project 28 is the program for the Kamorta-class corvettes.
Project 28: INR 3051.27 Crore
Revised Cost: INR 7852.39 Crore
Project 17 was the program for the Shivalik-class of guided-missile frigates.
Project 17: INR 2250 Crore
Revised Cost: INR 8101 Crore
Note: 1 crore = 10 million