India has decided to start the process of awarding contracts for the construction of 6 submarines to increase the strength at sea. It will be constructed at a cost of Rs 55,000 crore. Bidding will be done from October. The submarine will be built under the Strategic Partnership. Which will provide Indian companies with large foreign defense companies a large-scale platform in India. There are plans to acquire 24 new submarines, including 6 nuclear submarines. The Navy currently has 15 conventional submarines and 2 nuclear submarines.
India has considered China’s risks. Because, China is 3 times stronger than India in submarines. The Chinese Navy currently has more than 50 submarines and about 350 ships. The total number of ships and submarines is estimated to be over 500 in the next 8–10 years. India’s submarine needs to be able to compete with China.
Read More: Amul’s new path due to government failure
The requirements of submarines and RFP for this mega project called P-75I have been met by the Ministry of Defense and the Indian Navy. An RFP for this will be issued by October. The Ministry of Defense has already named two Indian shipyards and five major foreign defense companies for the project. The shortlisted Indian entities are the L&T Group and the government-owned Mazgaon Dock Limited (MDL). Foreign companies include Germany’s Thesengroup Marine System, Spain’s Navantia and France’s Naval Group.