New Delhi - The central government of India has approved a project worth 2.7 billion USD aimed at enhancing India's naval capabilities. Aligned with its commitment to promoting domestic manufacturing in the defense sector, the central government has authorized the construction of five fleet support vessels tailored for the Indian Navy.

This significant project, granted approval at the highest levels, involves the manufacture of five advanced ships with an estimated total value of approximately 2.7 billion USD, according to top government sources cited by India Today. Hindustan Shipyards Limited has been entrusted with the responsibility to construct these vessels, the sources added.

These vessels will play a crucial role in reinforcing the Navy's strength, serving diverse fleets by supplying them with essential provisions including food, fuel, and ammunition during their deployments in high seas.

This project also brings substantial advantages to Hindustan Shipyard Limited. The company is positioned to receive this monumental order, which will be executed through collaborative efforts involving numerous stakeholders, including small and medium-scale industries.

The five vessels are anticipated to be completed by the next decade.