Navy goes full steam ahead for indigenisation amidst cut down in foreign arms procurements

The Navy also has the initial approval or `acceptance of necessity (AoN) for another 47 warships and submarines to be built in India at a cost of over Rs 1.5 lakh crore in the future. “Warship-building in the country has a multiplier effect, with one shipyard job leading to the creation of around six jobs in the ancillary industries,” a defence official said.

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