In a major ‘Atmanirbhar Bharat’ push, the central government has issued a tender for building six conventional submarines for the Indian Navy under Project-75 India to Indian Mazagon Dockyards Limited and Larsen and Toubro, defence sources said.
The two Indian companies would now select one partner each from the five global original equipment manufacturers including firms from France, Germany, Russia, South Korea and Spain, defence sources told ANI.
The mega submarine project is worth Rs 43,000 crore.
Once built, the submarines will boost the Indian Navy’s subsurface capabilities, which is fast expanding its arsenal to match up with the Chinese Navy. The Project 75(I) is the second project being undertaken under the Strategic Partnership (SP) Model, which aims to expand the Indian Navy’s submarine fleet.
In June 2021, the Defence Acquisition Council, headed by Defence Minister Rajnath Singh, approved RFP for construction of six submarines at approx cost of Rs 43,000 crore.
“This would be one of the largest ‘Make in India’ projects and will serve to facilitate faster and more significant absorption of technology and create a tiered industrial ecosystem for submarine construction in India.