Defence Ministry clears deal for 6 submarines
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Deal will take at least few years to be concluded, says an official.
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Deal will take at least few years to be concluded, says an official.
The Defence Acquisition Council (DAC) on Friday cleared a deal for procurement of six advanced conventional submarines under Project-75I for the Navy at a cost of around ₹43,000 crore. The Request For Proposal (RFP) will now be issued to shortlisted Indian and foreign companies.
The DAC, chaired by Defence Minister Rajnath Singh, discussed the P-75I case and cleared it, a defence official said.
The sources said the groundwork like specifications of the submarines and other critical requirements for issuance of the RFP for the mega project has been completed by separate teams of the Defence Ministry and the Indian Navy.
Read more about Govt approves construction of 6 advanced submarines at cost of Rs 43,000 cr on Business Standard. The decision was taken at a meeting of the Defence Acquisition Council chaired by Defence Minister Rajnath Singh.