Ministry of Defence on Saturday signed a contract with Cochin Shipyard Limited for Short Refit and Dry Docking (SRDD) of aircraft carrier INS Vikramaditya at an overall cost of Rs. 1207.5 Crore, a statement here said. INS Vikramaditya was commissioned in the Indian Navy in November 2013. After completion of the Refit, INS Vikramaditya will join the active fleet of the Indian Navy with upgraded combat capability. This project is an important step towards development of Cochin Shipyard Limited as Maintenance, Repair and Overhaul (MRO) Hub for supporting the industrial ecosystem of India. The project envisages the involvement of nearly 50 MSMEs and would lead to employment generation for more than 3500 personnel. The Project will provide a major boost to Government of India's vision of Atmanirbhar Bharat and Make in India initiative. The aircraft carrier was rebuilt in Russia according to Indian Navy specifications before it joined service.
