Defence Ministry has issued Request of Proposal for construction of six modern submarines for Indian Navy. The Request of Proposal was issued to shortlisted Strategic Partners or Indian Applicant Companies for the project. The project cost is over 40 thousand crore rupees.
The Project P-75(I) envisages indigenous construction of six modern conventional submarines with contemporary equipment, weapons and sensors including advanced torpedoes, modern missiles and state of the art counter measure systems.
The Ministry said, this will 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 project will not only aid in boosting the ship building industry but would also greatly enhance manufacturing, especially the MSME.
The Ministry said, this will be an important step towards meeting broader national objectives, encouraging self reliance and aligning the defence sector with the ‘Make in India’ initiative of the Government.