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Mazagon Dock Shipbuilders Signs Master Ship Repair Agreement with US Govt

Published on September 12, 2023
Current Context: Mazagon Dock Shipbuilders Ltd. is a government-owned shipbuilding company in India that has recently signed a Master Ship Repair Agreement (MSRA) with the US government.
Mazagon Dock Shipbuilders Signs Master Ship Repair Agreement with US Govt
  • This agreement will allow Mazagon Dock to service and repair US Navy ships in India. This is a significant achievement for Mazagon Dock and India, as it shows their maritime capabilities and strategic partnership with the US.
  • The MSRA is a non-financial agreement that only two shipyards in India have signed with the US, namely Mazagon Dock and Larsen & Toubro (L&T).
  • The agreement is expected to open-up voyage repairs of US Navy ships at Mazagon Dock, which is located in Mumbai and has a capacity to build and repair warships, submarines, and merchant vessels.
  • The agreement also reflects the growing strategic partnership between India and the US, especially in the defence and security sectors. The two countries have been conducting joint naval exercises, sharing intelligence, and collaborating on technology development.
  • The agreement may also boost the business prospects of Mazagon Dock, which is listed on the stock market and has reported a 40 percent year-on-year jump in consolidated net profit for the quarter ended June 2023.

Question:

Q.1 Which of these is a non-financial agreement that allows Mazagon Dock to service and repair US Navy ships in India?
a. Master Ship Repair Agreement (MSRA)
b. Master Ship Building Agreement (MSBA)
c. Master Ship Maintenance Agreement (MSMA)
d. Master Ship Refurbishment Agreement (MSRA)
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