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Monday, July 14, 2014

Move to fast-track two submarine projects gathers steam

INS ArihantThere is finally some urgency being shown to rescue India's ageing and depleting underwater combat arm. The approval for two long-pending projects, one for construction of six advanced diesel-electric submarines and the other for six nuclear-powered ones, is well on the cards now.

Sources said the finance ministry has asked the defence ministry to "club" the separate projects to "draft a single note" for the requisite nod from Cabinet Committee on Security (CCS).

"The two projects have been languishing for long in the files being exchanged between the two ministries. The government seems serious about fast-track approvals this time," said a source.

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