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Rajnath Singh Launches ₹3,500 Crore Bengal Defence Expansion

Rajnath Singh Launches ₹3,500 Crore Bengal Defence Expansion
Bengal gets Rs 3,500 crore push as India eyes global shipbuilding leadership · financialexpress.com

India has started five large projects to expand defence manufacturing and shipbuilding in West Bengal.

Defence Minister Rajnath Singh launched the projects online from Kolkata on Sunday.

Together, they are expected to cost nearly ₹3,500 crore.

Three projects are being developed by Garden Reach Shipbuilders and Engineers, and two by Yantra India.

GRSE will expand facilities at Raichak, Shalimar and Kidderpore.

The projects are intended to help build and repair ships and make important defence materials.

Yantra India will install newer machines for making metal parts used in weapons and other strategic equipment.

Leaders said the work could create jobs and help smaller businesses.

Singh also said India should try to become a major shipbuilding country.

Key facts

Total investment
Nearly ₹3,500 crore
Number of projects
Five brownfield expansion projects
Project distribution
Three Garden Reach Shipbuilders and Engineers facilities and two Yantra India projects
GRSE investment
More than ₹2,500 crore for the 32-acre Raichak facility; ₹100 crore for Shalimar and around ₹70 crore for Kidderpore, according to the reports
Raichak facility
Planned features include a 356-metre waterfront, 96-metre jetty, 200-metre dry dock, slipway and launching pad
Yantra India investment
More than ₹750 crore at Metal and Steel Factory Ishapore, including a heavy-duty forging press and a radial forging plant
Expected benefits
Greater shipbuilding and refit capacity, modernised defence manufacturing, employment generation and more opportunities for ancillary MSMEs

Quotes

Suvendu Adhikari

Chief Minister of West Bengal

“While profit margins might be lower initially, higher volumes will compensate for them, and we must maintain this approach. We need to reduce our costs and investments while improving quality and ensuring timely delivery. Only then will we be able to hold our ground in the face of global competition”
financialexpress.com
“We should focus on what we can offer to the world. You have already exported ships on two occasions, and several friendly nations are looking to India to meet their naval ship requirements…We need to reduce our costs and investments while improving quality and ensuring timely delivery.”
financialexpress.com

Sources

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