The Ministry of Defence has initiated the process to shortlist Indian partners for construction of six submarines worth around Rs 45,000 crore under Make in India in Defence sector.
The Government on Thursday issued the Expression of Interest for shortlisting of potential Indian Strategic Partners (SPs) for “Construction of six Conventional Submarines” for P-75(I) Project of the Indian Navy.
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The project cost is about Rs 45,000 Crores. This is the second project being undertaken under the latest Strategic Partnership (SP) Model, with the first being the procurement of 111 Naval Utility Helicopters (NUH).
This would provide a major boost to the indigenous design and construction capability of submarines in India, in addition to bringing in the latest submarine design and technologies as part of the project.
The case was approved by the Defence Acquisition Council on 31 Jan 19.
All six submarines under this project will be built in India by the selected Indian Strategic Partner in collaboration with the selected OEM. In addition, Indian Navy would have the option to manufacture six more submarines under the project.
The project would not only aid in boosting the core submarine/ ship building industry but would also greatly enhance manufacturing/ industrial sector, especially the MSMEs by development of an industrial eco-system for manufacture of associated spares/ systems/ equipment related to submarines.