The Defence Acquisition Council (DAC) on Friday cleared the issuing of a Request For Proposal (RFP) for the Indian Navy’s mega-deal to procure six submarines under Project-75I through a strategic partnership route worth over ₹45,000 crores.
Two Indian companies and five foreign Original Equipment Manufacturers had already been shortlisted earlier.
The mega-deal was approved during the DAC meet on Friday led by Defence Minister Rajnath Singh.
The mega submarine project for the building of indigenous submarines for the Navy got the final clearance wherein two Indian companies can work in collaboration with a foreign manufacturer.
The RFP has been issued to Mazagon Docks (MDL) and private company Larsen & Toubro.
Under Project 75I, the submarines for the Indian Navy are going to be constructed in India and will be through ToT by the OEMs.
This project is under the strategic partnership model which was adopted in an effort to ensure building capacity in the Indian industry.
The idea is that this is going to help in the local manufacturing of major military platforms.
The project received a clearance from the Cabinet Committee on Security (CCS) way back in 1999 and Acceptance of Necessity granted in 2007.