India Approves Production Of Indigenous Submarines Worth $2.9 Billion
Source : Our Bureau , Dated : Wednesday, December 24, 2014
Indian Defense Ministry has approved to build six conventional diesel electric submarines indigenously. The preliminary (AON) cost of the project would be Rs.18798 crore ($2.9 billion).
However, the final cost arises through the bidding / negotiation process.
The Defence Acquisition Council (DAC) has approved constitution of a ‘Core Committee’ to identify suitable Indian shipyards to bid for construction of six submarines.
Defence Minister Shri Manohar Parrikar said in Parliament yesterday.
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Source : Our Bureau , Dated : Wednesday, December 24, 2014
Quote:
Indian Defense Ministry has approved to build six conventional diesel electric submarines indigenously. The preliminary (AON) cost of the project would be Rs.18798 crore ($2.9 billion).
However, the final cost arises through the bidding / negotiation process.
The Defence Acquisition Council (DAC) has approved constitution of a ‘Core Committee’ to identify suitable Indian shipyards to bid for construction of six submarines.
Defence Minister Shri Manohar Parrikar said in Parliament yesterday.
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