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PROJECT 75-INDIA - GOVERNMENT ISSUED A TENDER OF RS 50,000 CRORES

PROJECT 75-INDIA - GOVERNMENT ISSUED A TENDER OF RS 50,000 CRORES

Context:

Under Project 75-India, the Government of India has issued a tender of Rs 50,000 crores to build 6 conventional diesel-electric submarines.

Key Points About the Tender:

  • These submarines will be larger than the Scorpène-class submarines which are being built at the Mazagon Dockyards Limited, Mumbai.
  • The tender of Rs 50,000 crores has been issued by the Ministry of Defence.
  • The tender has been issued to Larsen and Toubro and Mazagon Dockyards Limited.
  • The project is being worked upon with the aim of promoting India as a defence equipment manufacturing hub.

About Project 75 India:

  • This project proposes indigenous construction of submarines equipped with the state-of-the-art Air Independent Propulsion system at an expected cost of Rs. 43,000 crore.
  • Project 75 (I), approved in 2007, is part of the Indian Navy’s 30 year Plan for indigenous submarine construction.
  • It will be the 1st under the strategic partnership model which was declared in 2017 to help indigenous defence manufacturing.
  • The strategic partnership model permits domestic defence manufacturers to connect with leading foreign defence majors to produce high-end military platforms to decrease import dependence.

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