Govt issues Rs 50,000 crore to build 6 submarines: Project 75-India

Under Project 75-India, the Government has issued a tender of Rs 50,000 crores to build six conventional diesel-electric submarines. These submarines will be bigger than the Scorpène-class submarines which are being built at the Mazagon Dockyards Limited, Mumbai

Highlights

• The tender of Rs 50,000 crores has been issued by the Defence Ministry for building six conventional submarines under Project-75 India. The tender has been issued to Larsen and Toubro and Mazagon Dockyards Limited.
• The two Indian companies would now select one partner each from the five global original equipment manufacturers including firms from the countries of Germany, France, South Korea, Russia and Spain.
• The submarines would be equipped with heavy-duty firepower and will have Anti-Ship cruise missiles (ASCM) along with minimum 12 Land Attack Cruise Missiles (LACM).
• The project is being carried out with the aim of promoting India as a defence equipment manufacturing hub.
• The other aim of the project is to establish an R&D and industrial eco-system in the country which will be capable of meeting all the future requirements of the Indian Armed Forces.

About Project 75-India

Project 75-India is one of the largest Make in India project which is being undertaken by the government. It is being undertaken to protect the Indo-Pacific region and to Ensure Self Reliance.

Month: Current Affairs - July, 2021