Pipavav Defence & Offshore Engineering (PDOC) has signed a agreement with JSC Ship Repairing Centre Zvyozdochka, Russia for medium Refits and Life Certification of 877 EKM Submarines in India. Under the terms of the agreement, Zvyozdochka will provide complete technical assistance and support to the JV, including inter alia for enhancement of infrastructure at the PDOC facilities, training of engineers, etc. PDOC technicians will also be closely associated with the first Refit to be carried to in Russia.
The ‘make in India’ and ‘Skill Development’ of Prime Minister, Shri Narendra Modi, form the basis of Cooperation Protocol between PDOC and Zvyozdochka, PDOC proposes to execute the program under a joint venture, with 51% stake, consistent with MOD regulations.
This will also mark the first time the work for refit of submarines is being considered for the private sector in India. The indicative value of work proposed to be undertaken by the proposed JV is approximately Rs. 11,000 crore.
Pipavav Defence and Offshore Engineering Company is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit and another export oriented unit (EOU).