financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Economy
financetom
/
Economy
/
India, Russia finalise $500 million deal for construction of 2 warships for Indian Navy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India, Russia finalise $500 million deal for construction of 2 warships for Indian Navy
Nov 20, 2018 7:47 AM

India and Russia on Tuesday signed a $500 million deal for construction of two warships in Goa for the Indian Navy under the technology transfer model, officials said.

Share Market Live

NSE

They said the agreement for the project was signed between defence PSU Goa Shipyard Ltd (GSL) and Russia's state-run defence major Rosoboron export under the government-to-government framework for defence cooperation.

Under the deal, Russia will provide design, technology and some materials to GSL for construction of the ships in India.

"We have finalised a $500 million deal with Russia for construction of two warships in Goa," CMD of GSL Shekhar Mital told PTI.

He said construction of the ships will begin in 2020 and the first one will be ready for induction in 2026 while second one will be ready by 2027.

First Published:Nov 20, 2018 4:47 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
IAM files unfair labor practice charge against Boeing
IAM files unfair labor practice charge against Boeing
Oct 16, 2025
(Reuters) -The International Association of Machinists and Aerospace Workers said on Thursday it has filed an unfair labor practice charge against Boeing ( BA ) with the National Labor Relations Board. The union represents over 3,200 striking workers who assemble fighter jets and munitions at Boeing's ( BA ) plants in the St. Louis area. ...
 US Dollar Falls Early Thursday Ahead of Busy Schedule
US Dollar Falls Early Thursday Ahead of Busy Schedule
Oct 16, 2025
07:48 AM EDT, 10/16/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Thursday before an extremely busy day of economic data releases and appearances by Federal Reserve officials, even without the government data releases that have been postponed due to the shutdown. Richmond Fed President Tom Barkin is due to speak at 8:00 am ET,...
 Fed's Waller: Available data show ongoing labor weakness, bolstering rate cut case
Fed's Waller: Available data show ongoing labor weakness, bolstering rate cut case
Oct 16, 2025
WASHINGTON (Reuters) -Data available even in the absence of delayed U.S. government employment reports tells a consistent story of weak hiring, bolstering the need for the Federal Reserve to cut rates even as other data points to solid economic growth, Fed Governor Christopher Waller said on Thursday. Either GDP momentum comes down or the labor market rebounds...They don't go together,...
 Fed's Miran: Growth next year could hinge on how U.S.-China tensions are resolved - Fox Business
Fed's Miran: Growth next year could hinge on how U.S.-China tensions are resolved - Fox Business
Oct 16, 2025
WASHINGTON (Reuters) -U.S. Federal Reserve Governor Stephen Miran said economic growth for the coming year could turn on whether the escalating risks around U.S.-China trade are realized or defused. We will have to see how the next few weeks play out, Miran said on Fox Business's Mornings with Maria of China's new restrictions on exports or critical rare earth minerals...
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved