James Fisher Defence wins Indian Navy submarine rescue contract - IHS Jane's 360 Rahul Bedi, New Delhi and James Hardy, London - IHS Jane's Navy International 10 September 2014 The Indian Navy (IN) has shortlisted the UK's James Fisher Defence (JFD) to supply it with two 30-ton deep submergence rescue vehicles (DSRVs) for about INR4 billion (USD66.66 million). IN officials told IHS Jane's on 9 September that a DSRV offered by JFD was recently selected over a Russian vessel after emerging as L1, or the lowest bidder, after user evaluation and trials. They said the Ministry of Defence would sign a contract over the next 6-8 months following price negotiations with JFD. The IN operates only one diving support vessel - INS Nireekshak - that also doubles as a submarine rescue vessel and has been seeking two DSRVs for nearly 17 years. Its initial attempt to acquire them in 2005 was called off following corruption allegations and the requirement was re-tendered in 2010. As an interim measure, in 1997 the IN signed a USD734,443 contract with the US Navy for its "global submarine rescue fly-away kit" service. Acquiring DSRV capability gained impetus after INS Sinshurakshak , a Russian 'Kilo'-class submarine, exploded in the Naval Dockyard in Mumbai in August 2014, killing all 18 IN personnel on board. JFD has previously sold DSRVs of a similar class to the Indian requirement to Singapore and South Korea. In December 2008 the Republic of Korea Navy's DSRV II - based on JFD's deep search-and-rescue (DSAR) 500-class submersible - achieved a depth of 507 m during sea acceptance tests, the deepest recorded dive in the navy's history.