India Approves Production Of Indigenous Submarines Worth $2.9 Billion

  • Our Bureau
  • 01:23 PM, December 24, 2014
  • 2629

Indian Defense Ministry has approved to build six conventional diesel electric submarines indigenously. The preliminary (AON) cost of the project would be Rs.18798 crore ($2.9 billion).

However, the final cost arises through the bidding / negotiation process.

The Defence Acquisition Council (DAC) has approved constitution of a ‘Core Committee’ to identify suitable Indian shipyards to bid for construction of six submarines.

Defence Minister Shri Manohar Parrikar said in Parliament yesterday. 

 

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