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Business Line : Industry & Economy News : DCNS, Pipavav join hands to build warships
Paris-based DCNS and Pipavav said on Monday that the companies have joined hands to build modern warships for the Indian Navy and Coast Guard. "The partnership is expected to boost India's drive for self-reliance in the field of defence manufacturing and to create a large number of local jobs. It will further strengthen the solid Indo-French strategic relationship in the defence sector," the companies said in a statement. Mr Nikhil Gandhi, Chairman of Pipavav said DCNS and Pipavav would provide India with advanced expertise on naval ships. "The synergies between India's largest integrated shipyard and the proficiency of the largest European naval defence company will allow cost effective and timely manufacturing of high class vessels for the benefit of all Customers," he added.