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Wednesday, February 16, 2011

India to issue $11 bn tender for six more submarines

Scorpene-class SubmarineTo shore up its depleting submarine fleet, India will this year issue a $11 billion global tender for building six more next generation vessels, navy chief Admiral Nirmal Verma said here Wednesday.

The new submarine programme, known as Project 75I, will be a follow-on to the six Scorpenes that are being built at the Mumbai-based Mazagon Docks Limited (MDL) under Project 75.

'The government has already cleared Project 75I. At the moment we are going through the process of Request For Information (RFI). I hope within this year we will be able to push the tender,' Verma said on the sidelines of a National Maritime Foundation seminar on submarines.

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