NEW DELHI: In a major move, the Defence Ministry has started the process to acquire six advanced submarines under the ambitious ‘strategic partnership’ (SP) model at a cost of around Rs 45,000 crore, official sources said on Wednesday.
The submarines, to be fitted with anti-ship cruise missiles and other lethal weapons, will be constructed in India jointly by an Indian defence major and a foreign submarine manufacturer under the P-75 (I) programme.
The sources said the Expression of Interest will be issued to leading manufacturers of advanced submarines in four weeks, adding the defence ministry has started the process for selecting both the Indian and foreign defence entities for the Rs 45,000 crore project.
They said an empowered committee appointed in January to implement the mega project has already held consultations with short-listed Indian defence majors including Adani Defence, Larsen and Toubro and state-run Mazagon Dock Shipbuilders Ltd (MDL) as part of the process to identify the domestic partner. (AGENCIES)
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