DAC approval for Indigenous construction of Six Project 75(I) submarinesJanuary 31, 2019
New Delhi: The Defence Acquisition Council (DAC), in a landmark decision today, also approved indigenous construction of six submarines for the Indian Navy at a cost of over Rs. 40,000 crores. This is the second project under the MoD’s ambitious Strategic Partnership (SP) model that aims at providing a significant fillip to the Government’s ‘Make in India’ programme. SP model envisages indigenous manufacturing of major defence platforms by an Indian Strategic Partner, who will collaborate with foreign OEM to set up production facilities in the country. The model has a long term vision of promoting India as a manufacturing hub for defence equipment through transfer of niche technologies and higher Indigenous Content thereby enhancing self-sufficiency for meeting the future requirements of the Armed Forces.
Today’s DAC approval would be second such project following indigenous production of 111 Naval Utility Helicopters that was approved in August 2018. Construction of six submarines under Project 75(I) will provide a major boost to the existing submarine design and manufacturing eco-system in India through transfer of design and equipment technology as well as necessary skill sets. The DAC also approved the acquisition of approximately 5000 Milan Anti Tank Guided Missiles for the Army.
- Vadgam MLA Jignesh Mevani booked on school principal's complaint over a tweet
- Jamnagar BJP Councillor reaches Ass. Commissioner's office with stick in hand, creates ruckus, video goes viral
- Nitin appeals State doctors to withdraw their June 17 strike call
- PM's opening remark in NITI Aayog meet: Making India a 5 trillion dollar economy, harnessing water resources, doubling income of farmers
- By-polls for two vacant seats of Rajya Sabha in Gujarat announced; Schedule same, notification and polling for each seat separately
- Fake call center involved in duping US citizens busted in Vadodara city of Gujarat, 2 arrested