The Indian Government has approved the transfer of Hindustan Shipyard Limited (HSL), Visakhapatnam from Ministry of Shipping (MoS) to Ministry of Defence (MoD) for meeting the national security requirements of building strategic vessels for Indian Navy.

For meeting the merchant shipping requirements of shipbuilding and ship repair, the Government has given ‘ in principle’ approval to Ministry of Shipping for setting up of a new shipyard of international standard.

Source: Mumbai Press Bureau

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