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Defence Ministry clears Rs 40,000 crore project to construct 6 submarines
Defense

Defence Ministry Clears INR 40,000 Crore Project To Construct 6 Submarines- Make In India

According to officials, the key decision was taken at a meeting of the Defence Acquisition Council, the defence ministry’s highest decision making body on procurement.

By Kautilya / February 1, 2019

The Defence Ministry on Thursday approved construction of six submarines for the Indian Navy at a cost of over Rs 40,000 crore.

According to officials, the key decision was taken at a meeting of the Defence Acquisition Council, the defence ministry’s highest decision making body on procurement.

The project will be implemented under the strategic partnership model which provides for roping in private firm to build select military platforms in India in partnership with foreign defence manufacturers, the officials said.

Source:ITVN

Image Courtesy:Tech2

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