Make in India project cleared for submarines
Make in India project cleared for submarines
A ‘Make in India’ project worth ₹43,000 crore to build six conventional submarines has been cleared by the Defence Acquisition Council, headed by Defence Minister Rajnath Singh, the government said in a statement today.
The Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, on Friday approved the issuance of a Request For Proposal (RFP) for the construction of six conventional submarines under Project-75I at an estimated cost of ₹43,000 crore. At a meeting, the DAC also approved the procurement of air defence guns and ammunition for the Army at an approximate cost of ₹6,000 crore.
“This is a landmark approval, being the first case processed under the Strategic Partnership (SP) model. This would be one of the largest ‘Make in India’ projects and it will create a tiered industrial ecosystem for submarine construction in India,” Singh said on Twitter on the submarine deal.
With this approval, India would be enabled to achieve its 30-year submarine construction programme envisioned by the government to acquire national competence in their building and for Indian industry to independently design and construct them, he noted.
The deal would take at least two-three years to be concluded, and the given the high technology and the long timelines, the cost would be spread over many years, a defence official said.
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