Project P 75 for the Construction of Conventional Submarines Has Been Approved
♦ At a cost of Rs 43,000 crore, this project envisions the indigenous construction of six conventional submarines outfitted with state-of-the-art Air Independent Propulsion systems.
♦ This is the first case processed using the SP model.
♦ The SP model of the Defence Procurement Procedure (DPP) aims to promote Indian industry’s role in manufacturing and to build a domestic defence industrial ecosystem.
♦ This would be one of the most significant ‘Make in India’ projects.
About Strategic Partnership (SP) Model:
♦ The SP model will identify a few Indian private companies as Strategic Partners who will collaborate with a few shortlisted foreign Original Equipment Manufacturers (OEMs) to manufacture defence equipment.
♦ The SPs and their foreign OEM partners will be chosen through a competitive process that will take place concurrently.
♦ The Ministry of Defense (MoD) will also determine the list of Indian companies in each sector based on certain technical, financial and infrastructure-related parameters.