Business Standard

Sunday, December 22, 2024 | 11:50 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Rs 43,000-crore tender to build six state-of-the-art submarines cleared

This is first case processed under strategic partnership model

submarines, Project 75 I, Defence Acquisition, projects, procurement, indigenous
Premium

The SP model, which is detailed in the DAP 2020, is intended to involve private Indian firms in the building of four categories of defence equipment: Submarines, fighter aircraft, helicopters, and armoured vehicles

Ajai Shukla New Delhi
The Defence Acquisition Council (DAC), the Ministry of Defence’s (MoD’s) apex procurement body, on Friday gave the go-ahead for the purchase of six conventional submarines under Project 75 (I).

The DAC cleared the issue of a request for proposals (RFP), which “envisages indigenous construction of six conventional submarines equipped with the state-of-the-art air independent propulsion (AIP) system at an estimated cost of Rs 43,000 crore”, stated an MoD release on Friday.

“This is a landmark approval, being the first case processed under the strategic partnership (SP) model,” said the ministry.

The SP model, which is detailed in the Defence Acquisition Policy of 2020

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in