India's state-owned Hindustan Shipyard Limited (HSL) and TAIS, a consortium of five Turkish shipbuilders, have signed an INR160 billion (USD2.1 billion) deal to jointly design and build five 45,000-tonne fleet support vessels for the Indian Navy (IN).
A Ministry of Defence (MoD) spokesperson told Jane's on 23 March that the deal had been signed in February after being put on hold for months over tensions between New Delhi and Ankara. No further details were provided by the MoD.
Other sources, however, told Jane's that the deal was signed after receiving approval from the Ministry of External Affairs (MEA) and the MoD's Vigilance Department, both of which were initially opposed to finalising the deal.
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