Defence Ministry Rejects ‘Adani’ Bid for Rs 45,000 crore submarine project

Defence Acquisitions Council has shortlisted two Indian shipyard companies for its ‘Project-75-India (P-75I) project. Two Indian Shipyards L&T and MDL have been shortlisted for Rs 45,000 crores mega project. Ministry of Defence has rejected the bid of Adani Defence and Hindustan Shipyard Limited (HSL).

State-owned Mazagaon Docks Ltd (MDL) and private sector giant Larsen and Toubro (L&T) have considerable experience in the field of shipbuilding. Under the Project-75-India, 6 diesel-electric stealth submarines will be developed domestically with a foreign technology partner.

On 21st January, The Defence Acquisition Council (DAC) headed by Raksha Mantri Shri Rajnath Singhin its first meeting of 2020 and after the constitution of Chief of the Defence Staff, met today to consider a number of new and ongoing proposals for procuring critically needed platforms and equipment for the Armed Forces. Rajnath Singh approved several procurement proposals to boost ‘Make in India’.

“In another significant step, the DAC approved shortlisting of Indian Strategic Partners (SP) and the potential Original Equipment Manufacturers (OEMs) that would collaborate with SPs to construct six conventional submarines in India. This programme is being progressed under the ‘Strategic Partnership Model’, promulgated in 2017 to give a major boost to ‘Make in India’ in Defence Sector. The Strategic partner is expected to play a transformational role in building an eco-system in the country, comprising development entities, specialised vendors and suppliers; especially those from the MSME sector. SP Model also aims at promoting India as a manufacturing hub for defence equipment, in addition to establishing an industrial and R&D eco-system capable of meeting the future requirements of the Armed Forces besides giving boost to exports,” Said Ministry of Defence in its official press release.

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