Defence Ministry clears deal for 6 submarines
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Deal will take no less than few years to be concluded, says an official.
The Defence (*6*) Council (DAC) on Friday cleared a deal for procurement of six superior typical submarines below Project-75I for the Navy at a price of round ₹43,000 crore. The Request For Proposal (RFP) will now be issued to shortlisted Indian and international firms.
The DAC, chaired by Defence Minister Rajnath Singh, mentioned the P-75I case and cleared it, a defence official stated.
The deal would take no less than few years to be concluded and the given the excessive expertise and the lengthy timelines, the associated fee could be unfold over a few years, one other official stated.
This undertaking is being processed by the Strategic Partnership (SP) mannequin of the Defence Procurement Procedure (DPP), which goals to advertise the position of Indian trade in defence manufacturing and construct a home defence industrial ecosystem.
Last January, the DAC short-listed Mazgaon Docks Limited (MDL) and Larsen & Toubro (L&T) because the Indian companions for the P-75I deal. The Navy will challenge the RFP to the 2 Indian firms who would reply to it in partnership with a international Original Equipment producer (OEM).
Five international OEMs- Daewoo Shipbuilding & Marine Engineering (DSME)(South Korea), Naval Group (France), Navantia (Spain), Rosoboronexport (Russia) and TKMS (Germany) have additionally been chosen.
The delay within the deal was the additional warning at every step of the method as this was being performed for the primary time, officers had stated.
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