(MENAFN - Trend News Agency ) A long pending project of the Indian Navy for building of indigenous submarines is finally set to kick off as the Ministry of Defence has issued Request for Proposal (RFP) for its mega submarine programme.
The RFP was issued to shortlisted Strategic Partners (SPs) or Indian Applicant Companies for the project M/s Mazagaon Dock Shipbuilders Limited (MDL) and M/s Larsen & Tubro (L&T). The project cost is over Rs 40,000 crore, the defence ministry said.
This is the first acquisition programme under the Strategic Partnership Model for construction of six Conventional Submarines named Project-75 (India).
Last month, the decision to issue the RFP was taken in a meeting of the defence acquisition council chaired by Defence Minister Rajnath Singh on June 4.
The project had got a clearance from the Cabinet Committee on Security (CCS) way back in 1999 and acceptance of necessity granted in 2007.
The project is part of the strategic partnership model under which the two Indian companies will work with a foreign company and subsequently offer their bids.
The shortlisted strategic partners to whom the RFP has been issued would be collaborating with any of the shortlisted foreign manufacturers — M/s Naval Group-France, M/s TKMS-Germany, M/s JSC ROE-Russia, M/s Daewoo Shipbuilding and Marine Engineering Co Ltd-South Korea and M/s Navantia-Spain.
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.