16 Sep '18, 3pm

India's Submarine construction propels forward after delays

India's Submarine construction propels forward after delays

The Navy’s mega-deal for procuring six advanced conventional submarines under Project-75I and processed through the Strategic Partnership (SP) model is moving forward after being held up due to policy clarity. The Ministry of Defence (MoD) has initiated the process to finalise specific guidelines for the project, estimated to cost over ₹60,000 crore. “A meeting is planned with MoD in mid-September to finalise aspects relevant to submarine specific guidelines for SP model. Specific aspects requiring concurrence of foreign OEMs (Original Equipment Manufacturers) are enumerated in the succeeding paragraphs,” the MoD said in a long communication issued to the OEMs in the end of August. The communication details the desired project outcomes under broad heads like creation of industrial eco-system, the range and scope of technology transfer, indigenisation content, indigenisatio...

Full article: http://www.defencenews.in/article.aspx?id=570596

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