Rs 45,000-cr submarines project: Navy issues EoI for shortlisting partners

TIL Desk/National/New Delhi/ In a major push towards ‘Make in India’ initiative, the government has issued Expression of Interest (EOI) for shortlisting of potential Indian Strategic Partners for construction of six conventional submarines for P-75(I) project of the Navy worth Rs 45,000 crore.

According to a Defence Ministry statement, the case was approved by the Defence Acquisition Council on January 31 this year. The EoI for shortlisting of Indian Strategic Partners has been uploaded on Defence Ministry and Indian Navy websites and that for the Original Equipment Manufacturers (OEMs) will be issued in two weeks.

This is the second project undertaken under the latest Strategic Partnership model, with the first being the procurement of 111 Naval Utility Helicopters, a Defence Ministry statement said. This would 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 Strategic Partners, in collaboration with OEMs, have been mandated to set up dedicated manufacturing lines for these submarines in India and make India the global hub for submarine design and production. All six submarines under this project will be built in India by the selected Indian Strategic Partner in collaboration with the selected OEM.