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Sunday, March 04, 2012

Doors slammed on pvt firms in submarine project

[Scorpene-class Submarine]The ministry of defence (MoD) has ruled that no private sector shipyard in the country has the infrastructure and capability required for building the high-tech conventional submarines that the Indian Navy wants.

The long-delayed Project 75I, to build six conventional submarines for an estimated Rs 30,000-35,000 crore, will be divided between foreign shipyards and the defence public sector.

The Secretary of Defence Production, Shekhar Agarwal, has told Business Standard that the ministry has decided that the first two Project 75I submarines will be built abroad by the foreign vendor that wins the MoD contract.

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