The Indian Navy has announced that its first indigenous aircraft carrier, currently being built at Cochin Shipyard, will be launched by the end of 2010 and commissioned by 2014.

Cochin Shipyard chairman Commodore M Jitendran said the construction began in 2006 and 70% of production was complete.

“The vessel will become a mobile air base and can accommodate 30 fighter aircraft like MIG-29 K and Indian-made light combat aircraft,” Jitendran said.

The 260m-long, 60m-wide aircraft carrier has a full load displacement of 40,000t and can cruise at a maximum speed of 28kt.

Cochin Shipyard expects to receive a second order for another vessel following the delivery of first aircraft carrier to the Indian Navy.

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Currently, the Indian Navy has one operational carrier the INS Viraat, which is scheduled to be phased out in 2015.