Rs 43K-crore for ‘Make in India’ submarines
Published : Jun 5, 2021, 9:18 am IST
Updated : Jun 5, 2021, 10:08 am IST
Defence ministry approves 6 conventional submarines for Navy
The DAC also accorded approval of procurement of air defence guns and ammunition for the Indian Army at an approximate cost of Rs 6,000 crores under the Buy and Make (Indian) category. (PTI file)
New Delhi: In a mega make-in-India deal, the Defence Acquisition Council headed by defence minister Rajnath Singh on Friday approved the domestic production of six new-generation stealth submarines in collaboration with foreign players under Project P75(I) estimated at Rs 43,000 crores. The project was first initiated in 2007 and it will take nearly a decade before the first submarine is delivered.