INS Vikrant, the decommissioned aircraft carrier of the Indian Navy has been sold for 60 crore rupees in first week of April 2014 to a company named IB Commercial Pvt Ltd. INS Vikrant. The Indian Navy's first aircraft carrier played an important role during the 1971 Indo-Pak war.
INS Vikrant was sold to IB Commercial Pvt Ltd during an auction process, which was completed in 1st week of April 2014.
About INS Vikrant
The aircraft carrier, INS Vikrant was purchased from Britain in 1957 and was commissioned on 4 March 1961. It played an important role in enforcement of the naval blockade of East Pakistan during the war.
It was decommissioned on 31 January 1997. It was auctioned after the Maharashtra government expressed its inability to maintain Vikrant.
Earlier, the Bombay High Court in January 2014 was informed by the Union Ministry of Defence that the ship has completed its operational life. This High Court wanted a response of the Defence Ministry during the hearing of the PIL that opposed the plan to scrap the ship. The Maharashtra government said that process of preserving the ship as a museum would not be financially viable.