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HSL Negotiating Partnership with Turkish conglomeration

Hindustan Shipyard Limited is negotiating to sign a partnership contract with a Turkish conglomeration named TAIS for technical collaboration to construct five Fleet Support Ships worth more than Rs. 16,000 crore. As part of the deal, the ‘know-how and know-why’ will be transferred to HSL. The proposal is to build first ship in four years; the remaining will be built in a gap of 10 months each.

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