![]() ![]() L&T, Spain's Navantia to jointly bid for $5-billion India submarine tender More submarines, jets for Indian navy on cards as Modi visits France India defence ministry gives initial okay to buy Rafale jets, submarines- source India gives initial nod to buy French Rafale jets, submarines-source (Reporting by Nandan Mandayam in Bengaluru Editing by Sohini Goswami)Īvantel Bags Purchase Order Worth INR42 Million In March, India approved a budget of 560 billion rupees ($6.8 billion) for its navy, which has 16 conventional submarines, 11 of which are more than two decades old, along with two indigenous nuclear-powered submarines. The partnership comes a month after Germany's Thyssenkrupp and India's Mazagon Dock Shipbuilders - the only other qualified domestic firm for the tender - signed an agreement to take part in the bidding. L&T has so far built more than 65 defence vessels- both in partnership and on its own- including a handful for the Indian Navy and Coast Guard, according to its website. The companies said L&T would build the submarines, while Navantia would design them based on the Spanish state-owned shipbuilder's S80 class of submarines and provide the air-independent propulsion system that lets submarines remain underwater longer. Navantia and L&T first signed a memorandum of understanding in April to bid for the Indian Navy's Project 75 (India) that requires domestic firms to tie up with foreign companies to produce six conventional submarines equipped with air-independent propulsion (AIP).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |