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Tuesday, September 17, 2013

Navy to float Rs 50,000 crore tender for six submarines

INS SindhurakshakIndia is preparing to issue a `50,000 crore tender to build six hi-tech conventional submarines that have now been delayed by three years, with the Navy proposal all set to be placed before the Cabinet Committee on Security (CCS) soon.

Navy Chief Vice Admiral R K Dhowan said here on Monday that the Defence Acquisition Council (DAC), headed by Defence Minister A K Antony, had recently given its approval for the proposal to be taken up before the CCS, and once the nod from the government’s highest panel on military matters comes, the tender will be issued.

The DAC, which had met on Friday last, had for the third time in three years extended the Acceptance of Necessity (AoN) for the second line of submarine building, which has been codenamed ‘Project 75I’.

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