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India to start bidding process by October to procure 6 submarines costing Rs 55,000 crore | India News – Times of India

NEW DELHI: India is all set to launch the bidding course of by subsequent month for a Rs 55,000-crore mega undertaking to construct six typical submarines for the Indian Navy to slim the hole with China’s rising naval prowess, authorities sources mentioned on Sunday.
The submarines will likely be in-built India underneath the much-talked-about strategic partnership mannequin that permits home corporations to affix fingers with main overseas defence majors to provide high-end army platforms within the nation and scale back import dependence.
The sources mentioned the groundwork like specs of the submarines and different essential necessities for issuance of the RFP (request for proposal) for the mega undertaking, named as P-75 I, has been accomplished by separate groups of the defence ministry and the Indian Navy.
The RFP will likely be issued by October, they added.
The defence ministry has already shortlisted two Indian shipyards and 5 overseas defence majors for the undertaking, being billed as one in all largest “Make in India” ventures.
The shortlisted Indian entities have been L&T group and state-owned Mazagaon Docks Ltd (MDL) whereas the choose overseas entities included ThyssenKrupp Marine Techniques (Germany), Navantia (Spain) and Naval Group (France).
Initially, the defence ministry will challenge RFPs to MDL and L&T and the 2 corporations must submit their detailed bid after receiving the doc. Subsequently, the L&T and MDL must choose a overseas associate out of the 5 shortlisted entities, the sources mentioned.
The Indian Navy plans to amass 24 new submarines, together with six nuclear assault submarines, to bolster its underwater combating functionality. It at the moment has 15 typical submarines and two nuclear submarines.
The Navy has been specializing in considerably bolstering its general capabilities in view of China’s rising efforts to extend its army presence in the Indian Ocean Region.
The Indian Ocean, thought-about the yard of the Indian Navy, is essential to the nation’s strategic pursuits.
In accordance with world naval analysts, Chinese language navy at the moment has over 50 submarines and about 350 ships. The full variety of ships and submarines is projected to go previous 500 in subsequent 8-10 years.
The Indian Navy can be within the means of procuring 57 carrier-borne fighter jets, 111 Naval Utility Helicopters (NUH) and 123 multi-role helicopters underneath the strategic partnership mannequin.
The coverage envisages the institution of long-term strategic partnerships with Indian defence majors by means of a clear and aggressive course of whereby they might tie up with world authentic tools producers (OEMs) to hunt expertise transfers.
Initially, the strategic companions will likely be chosen in 4 segments – fighter plane, helicopters, submarines and armoured combating automobiles/primary battle tanks. It’s anticipated to be expanded to different segments.
In the previous few months, the federal government has unveiled a sequence of reform measures and initiatives to make India a hub of defence manufacturing.
On August 9, Defence Minister Rajnath Singh introduced that India will cease the import of 101 weapons and army platforms like transport plane, gentle fight helicopters, typical submarines, cruise missiles and sonar programs by 2024.
In Might, the federal government introduced rising the FDI restrict from 49 per cent to 74 per cent underneath the automated route within the defence sector.
India is one the most important importers of arms globally. In accordance with estimates, the Indian armed forces are projected to spend round $130 billion in capital procurement within the subsequent 5 years.
The federal government now desires to scale back dependence on imported army platforms and has determined to assist the home defence manufacturing.
The defence ministry has set a purpose of a turnover of $25 billion (Rs 1.75 lakh crore) in defence manufacturing within the subsequent 5 years that included an export goal of $5 billion (Rs 35,000 crore) value of army {hardware}.
Watch India to start bidding process by October to procure 6 submarines

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