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Ya'll Nibbiars we could have exported more Naval Vessel if we had a more robust Export policies. The current is half baked with almost no support to the domestic shipyards when come to the Finance, Marketing etc.If you are talking about line of credit by GoI/ financial institutions to GRSE then yes.
Otherwise it was Koreans' at play. Philippines got a raw deal when the Koreans' changed the western equivalent with Korean equipment on those frigates.
It was quite a controversy in Philippines.
Ask @asianobserve .