The Indian government is set to roll-out the process for US$ 9.3 billion (INR 60,000 crore) submarine programme for its navy, to bolster military presence in Indian Ocean region.
The Defence Ministry is likely to issue the Expression of Interest for the project soon, to kick start the process for mega deal, official sources told PTI.
The current defence acquisition project, Project 75 (I), to be launched under the 'Strategic Partnership' model finalised last month aims to rope in leading private players for the production of major military platforms in the country. Its a follow-on for Project 75 under which Scorpene-class submarines are currently being built for the Indian Navy.
Larsen and Toubro and Reliance Defence are the only private firms eligible to participate in the P-75 I programme, in addition to Defence PSU Mazagon Dock Ltd who is also in contention for the project.
A total of six submarines are to be built under the P-75 (I) project. Under the SP model, select private firms will be engaged to build military platforms like submarines and fighter jets in India in partnership with foreign entities.
As per the framework, to manufacture major defence platforms, the select Indian companies will require tie-ups with OEM for transfer of technology (ToT).
Indias first Scorpene-class 'Kalvari' submarine that was built under transfer of technology from DCNS, France is in the final phase of trials and will be delivered in July-August. “The Kalvari (First of the Scorpene class) is in the final phase of trials
Défense Conseil International (DCI) has completed training of the first of two crews of Indian submariners for future Scorpène-type submarines. DCI is the reference operator of the French Ministry of Defence for the transfer of French military know-how to international partners
Indias shipyard Mazagon Docks along with DCNS has approached the country's Navy with a repeat order for three Scorpene-class submarines. The approach follows despite the data leak scandal that had threatened to derail the project last August, The Hindu Business Line reported Sunday
Indian Navy has prepared timeline for commissioning six French-designed Scorpene submarines. The first two vessels are expected to be commissioned by end of the year, Press Trust of India reported Sunday
Russia and India are likely to sign a contract for construction of four Project 11356 or Grigorovich-class, also designated Upgraded Krivak III frigates in June, TASS reports Tuesday quoting a source in diplomatic and military circles as saying
Dassault Aviation along with its Reliance Defence hosted an event in cooperation with key Rafale suppliers, Thales, Safran and MBDA to promote Business to Business (B2B) interactions between the French and Indian Aerospace manufacturers in Delhi today. This event represents over 60 Indian Companies and 25 French Companies in New Delhi, the company announced in a statement Wednesday
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