Govt Okays Rs 43,000 CR Order to Procure Six Submarines | Indian Navy News
Indian Navy will procure six conventional submarines with the ability to stay underwater for weeks. Order will create competition between MDL and L&T
Editorial Staff
Govt Okays Rs 43,000 CR Order to Procure Six Submarines | Indian Navy News
The defence ministry has cleared a two-decade-old plan to procure six conventional submarines with the ability to stay underwater for weeks. The order will create competition that will involve defence sector giant Larsen and Toubro and public owned Mazagaon Dockyards Limited. The Rs 43,000 crore project is the first under an ambitious strategic partnership model to involve the private sector in large military projects monopolised by the public sector till now and will be the largest ‘Make in India’ defence order. The go-ahead to the programme was given at a meeting of the Defence Acquisition Council chaired by defence minister Rajnath Singh, finalising the terms and conditions of the project that will be closely watched around the world. The minister had last year broken a deadlock on the down selection of Indian companies for the contract. The Navy is expected to roll out the official tender later this month, to start the selection process. “This project envisages indigenous constructi…
