According to information published by the Times of India on September 1, 2023, following the successful induction of the INS Vikrant, the Indian Navy is now setting its sights on procuring another Indigenous Aircraft Carrier (IAC).
The journey of INS Vikrant began in 1999 when its design was initiated. The keel was laid a decade later in 2009, and by December 2011, the carrier was floated out of its dry dock.
The project’s total cost stood at approximately ₹23,000 crore (equivalent to ₹260 billion or US$3.2 billion in 2023) during its first sea trials.
India; Navy mulls buy of additional aircraft carrier