Defence Ministry passes Rs 43,000 cr budget to build 6 high tech submarines

New Delhi, June 4
The defence ministry on Friday cleared a project worth 43,000 crore for building six advanced submarines in the country under the government’s ‘strategic partnership’ (SP) model to bolster the Indian Navy’s underwater force levels and counter the rapid expansion of China’s submarine fleet, defence ministry officials said. The defence acquisition council (DAC), India’s apex procurement body, approved the proposal at a meeting on Friday and the navy is expected to issue requests for proposal (RFP) for the programme, called P-75 India soon, the officials said. This will be the first RFP to be issued under the SP model, which seeks to provide fillip to the government’s Make in India programme, said one of the officials cited above. The model envisages indigenous manufacturing of major defence platforms by an Indian strategic partner who will collaborate with a foreign original equipment manufacturer (OEM) to set up production facilities in the country.   (Story sourced through agencies.)

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