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Sunday, October 26, 2014

6 Made-in-India Submarines for Navy for 53,000 Crores

INS VagliThe Defence Acquisition Council of India on Saturday cleared defence deals worth Rs. 80,000 crore.

The deal includes the acquisition of six conventional submarines to augment the aging and depleted submarine fleet and two midget submarines -- also known as 'Swimmer Delivery Vehicles' - which are used for special operations.

Following Prime Minister Narendra Modi's 'make in India' campaign and the overall policy to build and strengthen the fledgling Indian defence industry, all six boats will be made in Indian shipyards.

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