INS Vela (Stingray) was commissioned in Mumbai on Thursday and is the fourth of six Project-75 Scorpene submarines.
The Khanderi has been named for an older Foxtrot-class Indian Navy boat decommissioned in 1989 and is expected to be delivered to the navy by the end of the year, after she completes sea trials.
While HAL has 12 such ventures, Bharat Electronics Limited (BEL) has two and Mazagon Dock Limited (MDL), one.
The French warship builder will be focusing on the Scorpene submarine and the Mistral-class Landing Helicopter Dock (LHD), both of which are on offer to the Indian Navy in future acquisitions.
French warship builder DCNS will display the Scorpene submarine design at DefExpo 2012 in New Delhi, six of which are under construction for the Indian Navy at the Mazagon Dock Limited (MDL) in Mumbai.
The Indian Ministry of Defense has put on hold the proposed Joint Venture between government-owned Mazagon Dock Limited (MDL) and Pipavav Defence and Offshore Engineering Company Limited.
The production of warships for the Indian Navy has faced considerable delays and a cost escalation of around 225 per cent in the case of the Kolkata-class destroyers and 260 per cent in the case of Shivalik-class frigates.
To shore up its depleting submarine fleet, India will this year issue a $11 billion global tender for building six more next generation vessels, navy chief Admiral Nirmal Verma said here Wednesday.
