- Six conventional
- submarines will be built at a cost of around Rs 43,000 cr
- MoD also approves proposals for acquisitions of various military weapons and equipment worth around Rs 6,800 cr
THE Defence Ministry on Friday cleared a mega project to build domestically six conventional submarines for the Indian Navy at a cost of around Rs 43,000 crore, in a major decision aimed at significantly boosting India’s naval prowess in the face of China rapidly expanding its maritime capabilities. The submarines will be built under the much-talked-about strategic partnership model that allows domestic defence manufacturers to join hands with leading foreign defence majors to produce high-end military platforms to reduce import dependence.
The Defence Ministry also approved proposals relating to capital acquisitions of various military weapons and equipment worth around Rs 6,800 crore, according to Defence Minister Rajnath Singh’s office. The decisions to approve the naval submarine project named ‘P-75 India’ and the procurement of the military weapons and equipment were taken at a meeting of the Defence Acquisition Council (DAC) chaired by Singh. The DAC is the Defence Ministry’s highest decision-making body on procurement.
In another important decision, the DAC also extended the timelines for procuring urgent capital acquisitions under the delegated powers to the armed forces up to August 31, 2021, to enable them to complete their emergency procurements.
“This project envisages indigenous construction of six conventional submarines equipped with the state-of-the-art air-independent propulsion system at an estimated cost of Rs 43,000 crore,” the Ministry said about the naval project. “This is a landmark approval, being the first case processed under the strategic partnership model. This would be one of the largest ‘Make in India’ projects and will serve to facilitate faster and more significant absorption of technology and create a tiered industrial ecosystem for submarine construction in India,” it said in a statement.
The Ministry said the project will help reduce current dependence on imports and gradually ensure greater self-reliance and dependability of supplies from indigenous sources. Officials said the project will be implemented in a period of around 12 years and the final cost may go up depending on the weapons systems to be incorporated into the stealth submarines.