Construction of Conventional Submarines under Project P 75 (I) approved
Part of: GS Prelims and GS -III – Defence and Security
In news
The Defence Acquisition Council (DAC) has approved the issuance of a Request For Proposal (RFP) for construction of six Conventional Submarines under Project P 75 (I) under the Strategic Partnership (SP) Model.
What is this Project about?
This Project envisions indigenous construction of six conventional submarines equipped with the state-of-the-art Air Independent Propulsion system at an estimated cost of Rs 43,000 crore.
This is the first case processed under the SP model.
The SP model of the Defence Procurement Procedure (DPP) aims to promote the role of Indian industry in manufacturing and build a domestic defence industrial ecosystem.
The SP model shall identify few Indian private companies as Strategic Partners who would tie up with a few shortlisted foreign Original Equipment Manufacturers (OEMs) to manufacture defence equipment.
The selection of SPs and their foreign OEM partners would be based on a competitive process to be undertaken simultaneously.
The Ministry of Defence (MoD) would also identify a list of Indian companies in each segment based on certain technical, financial and infrastructure-related parameters.
Important value additions
Defence Acquisition Council (DAC)
It is the highest decision-making body in the Defence Ministry
It decides on new policies and capital acquisitions for the three services (Army, Navy and Air Force) and the Indian Coast Guard.
The Minister of Defence is the Chairman of the Council.
