Rs 1,194 cr contracts signed during first 2 editions of Swavlamban summit, says vice chief of Navy
New Delhi: The Indian Navy set 2,000 challenges for industries at the first two editions of its innovation and indigenisation summit, Swavlamban, in 2022 and 2023, followed up by the government granting the Acceptance of Necessity (AoN) for 22 projects, estimated at Rs 2,200 crore, Vice Chief of Naval Staff Krishna Swaminathan has said. Of the 22, 13 eventually led to acquisition contracts, worth Rs 1,194 crore.
Swaminathan revealed this at the curtain-raiser of the third edition of Swavlamban, which will be held in Delhi on the theme of ‘Strength and Power through Innovation and Indigenisation’ on 28 and 29 October.
Talking about why the summit is important, the vice chief of Navy said, “The Navy started its journey of indigenisation over six decades ago. Swavlamban is an expression of as...