Indian government is all set to process Rs 60,000 crore worth submarine programme as major policy for defence manufacturing for the country.
It is the first one to be launched under ambitious ‘Strategic partnership’ model finalised last month. The project aims to rope in leading private players for defence production.
The defence ministry will soon issue the Expression of Interest for the project.
Engineering conglomerate Larsen and Toubro and Reliance Defence are the only two defence firms eligible to participate in the P-75 I programme.
The government will eventually initiate the process to shortlist the foreign original equipment manufacturers for the project based norms in the strategic partnership model.
The project P-75 (I) will be a follow-on project of Project 75. A total of six submarines are to be built under the P-75 (I) project.
To manufacture major defence platforms, the selected Indian companies will require tie-ups with OEM for transfer of technology (ToT).
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