Ministry of Defence
RECIPROCAL AGREEMENT
Posted On:
04 AUG 2023 2:04PM by PIB Delhi
There is no reciprocal agreement in existence or in negotiation to allow the repairs of Indian Ships in American Shipyards. However, a Master Shipyard Repair Agreement (MSRA) has been signed on April 04, 2023 between Larsen & Toubro (L&T) Shipyard Kattupalli and the US for voyage repairs of US Navy vessels. MSRA with M/s Mazagon Docks Limited and M/s Goa Shipyard Limited is at an advanced stage. MSRA qualifies a shipyard to compete for carrying out ship repair projects for US Navy. The MSRA includes clauses on security, payments, liabilities etc. The agreement is reviewed every five years, or as required.
Undertaking repairs of these ships serves the commercial interest of Indian shipbuilders and will potentially lead to more such opportunities. An American Navy ship shall be berthed in an Indian shipyard for the duration of its repair.
This information was given by Raksha Rajya Mantri Shri Ajay Bhatt in a written reply to Shri Cosme Francisco Caitano Sardinha in Lok Sabha today.
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ABB/Savvy/Nirmit
(Release ID: 1945713)
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