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
You may also like
-
India Strengthens Myanmar Border Security as Manipur Completes 55 Km of Fencing
-
Quad Announces Over $85 Million Initiative to Expand Trusted Artificial Intelligence Across Indo-Pacific
-
India Hosts First BIMSTEC Maritime Security Exercise in Andaman and Nicobar Islands to Strengthen Bay of Bengal Security
-
Air Chief Marshal Ashutosh Dixit Takes Charge as India’s 29th Chief of Air Staff
-
DRDO’s Indigenous Vikram VT-21 Wheeled Combat Vehicle Clears Key Development Trials
