Search This Blog

Monday, July 12, 2010

Defence Ministry 'in principle' nod to new submarine project

Scorpene-class SubmarineWith the Navy trying to speed up a new production line for the next generation diesel-electric submarines, the Defence Ministry has given its "in principle" nod to a Rs 50,000-crore project for building six vessels, but is stuck on finding a private shipyard to take on the mantle.

At a recent Defence Acquisition Council (DAC) meeting, chaired by Defence Minister A K Antony, the urgency in having the second production line was discussed with all seriousness and the nod for the project, codenamed Project 75I, was given, a senior Defence Ministry source said in New Delhi on Sunday.

"Though the Ministry is yet to work out the formula by which the submarines will be produced, it has been decided to encourage private sector to participate and take the responsibility upon themselves."

Read more
om

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.