Rs 43K-crore for Make in India' submarines
Deccan ChronicleNew 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 estimated at Rs 43,000 crores. The submarine deal was given the go-ahead amid reports that country's sole nuclear-powered attack submarine INS Chakra is on its way back to Russia as the agreement for its lease is coming to an end. The DAC on Friday approved the issue of a request for proposal for the construction of six conventional submarines for Project P75 under the strategic partnership model. The RFP will be issued to defence shipyard Mazagon Docks and private sector giant Larsen and Toubro, who were selected as Indian strategic partners to bid for the submarine project by the DAC last year in January.