The Ministry of Defence (MoD) approved a massive project to domestically build six conventional submarines with state-of-the-art technology at a cost of roughly Rs 43,000 crore on Friday, giving the Navy a boost.
The submarines will be developed under the much-discussed strategic partnership concept, which allows domestic defence manufacturers to collaborate with major international defence companies. The plan was accepted by India’s main procurement body, the defence acquisition council (DAC), on Friday, and the navy is anticipated to issue requests for proposal (RFP) for the P-75 India programme soon, according to officials.
“This would be one of the largest ‘Make in India’ projects and will serve to facilitate faster and more significant absorption of technology and create a tiered industrial ecosystem for submarine construction in India. From a strategic perspective, this will help reduce current dependence on imports and gradually ensure greater self-reliance,” the Ministry of Defence said in a statement.
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