Defence Acquisition Council (DAC), chaired by Raksha Mantri Nirmala Sitharaman has approved the procurement of six diesel-electric submarines costing $5.6 billion under Project-75I, reports Defence News.
Some of the contenders for the project are Naval Group, Kockums (Sweden), Rubin Design Bureau (Russia), and Howaldtswerke-Deutsche Werft (Germany). A request for information (RFI) for P-75I was issued in July 2017.
“This is the second project under the MoD’s ambitious Strategic Partnership (SP) model that… envisages indigenous manufacturing of major defence platforms by an Indian SP who will collaborate with a foreign OEM [original equipment manufacturer] to set up production facilities in the country,” said a statement by the Ministry of Defence.
“Today’s DAC [Defence Acquisition Council] approval would be the second such (SP model) project following indigenous production of 111 naval utility helicopters Read More