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Manufacturing/Make in India

6 Homegrown Submarines For ? 43,000 Crore in Big 'Make in India' Boost

 

The government said the approval for the project will help India achieve targets in its 30-year submarine construction programme.  A 'Make in India' project worth ? 43,000 crore (€5 bn) to build six conventional submarines has been cleared by the Defence Acquisition Council, headed by Defence Minister. The Defence Acquisition Council (DAC) has approved a request for proposal (RFP) for the project to be run under 'strategic partnership mode' - the first such military hardware acquisition project under this model, according to the government. The government said the approval for the project will help India achieve targets in its 30-year submarine construction programme.

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