Penalty of Rs 600 cr may be imposed for Gorshkov delay
Ahead of Defence Minister-level talks with Russia, India on Monday warned that it could impose a penalty of up to Rs 600 crore for the delay in handing over of aircraft carrier Admiral Gorshkov.
|Last Updated: Oct 08, 2012, 09:14 PM IST|Source: Bureau
New Delhi: Ahead of Defence Minister-level talks with Russia, India on Monday warned that it could impose a penalty of up to Rs 600 crore for the delay in handing over of aircraft carrier Admiral Gorshkov.
"We may impose liquidity damages up to five per cent of the Admiral Gorshkov contract worth over USD 2.3 billion if there are delays in supply of the warship," a senior Defence Ministry official said here.
A final decision in this regard would, however, be taken only after the meeting between Defence Minister AK Antony and his Russian counterpart Anatoly Serdyukov on Wednesday, he said.
Meanwhile, Russian diplomatic sources questioned as to how India could impose such a penalty when they had not done so in the case of delivery of the Scorpene submarines, whose delivery schedule has also slipped by over three years.
The first of the six Scorpene submarine contracted from France was supposed to be delivered in 2012 but now it is scheduled for induction into the Navy only by December 2015.
At the meeting, India is expected to raise the issue of delay in delivery of aircraft carrier Admiral Gorshkov.
The delivery schedule of the already much-delayed 45,000-tonne warship has slipped further after it encountered engine malfunctions during sea trials in Russia.
The ship, rechristened INS Vikramaditya, was scheduled for commissioning into Indian Navy by December 4, this year but Russian media reports have suggested that it would now be delivered only in October 2013.
The warship was originally scheduled to join the Navy on 2008.
PTI
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
Cookies Setting
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device and the processing of information obtained via those cookies (including about your preferences, device and online activity) by us and our commercial partners to enhance site navigation, personalise ads, analyze site usage, and assist in our marketing efforts. More information can be found in our Cookies and Privacy Policy. You can amend your cookie settings to reject non-essential cookies by clicking Cookie Settings below.
Manage Consent Preferences
Strictly Necessary Cookies
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work or you may not be able to login.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They are also used to limit the number of times you see an advert as well as help measure the effectiveness of an advertising campaign. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we may not know when you have visited our site, and may not be able to monitor its performance.