New Delhi: The Ministry of Defence (MoD) on Friday cleared a mega project to domestically build six conventional submarines equipped with state-of-the-art technology at a cost of around Rs 43,000 crore. The submarines will be built under the much-talked-about strategic partnership model that allows domestic defence manufacturers to join hands with leading foreign defence majors to produce high-end military platforms to reduce import dependence.
The decision to approve the project named ‘P-75 India’ was taken at a meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh.