Boost for Navy as MoD clears Rs 43,000 cr project to build six submarines

Giving a fillip to the Navy, the Ministry of Defence (MoD) Friday cleared a mega project to domestically build six conventional submarines equipped with state-of-the-art technology at a cost of around Rs 43,000 crore.

The submarines will be built under the much-talked-about strategic partnership model that allows domestic defence manufacturers to join hands with leading foreign defence majors to produce high-end military platforms to reduce import dependence.

The DAC also approved issue of RFP for construction of six Conventional Submarines under Project P 75 (I) under the Strategic Partnership (SP) Model. This project envisages indigenous construction of six conventional submarines at an estimated cost of Rs 43,000 cr.

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