Defense Minister Manohar Parrikar told the Rajya Sabha last week that ‘there have been occasions when naval vessel construction projects of Indian Navy have had time and/or cost escalations.’
MoD admits warship costs escalation
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Tag: Kolkata-class
Indian warships’ costs escalate over 225%
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The production of warships for the Indian Navy has faced considerable delays and a cost escalation of around 225 per cent in the case of the Kolkata-class destroyers and 260 per cent in the case of Shivalik-class frigates.
