Indian Navy set to issue Rs 50,000 crore submarine tender under 'Project 75 India'

The Indian Navy is all set to issue the tender worth around Rs 50,000 crores to build six stealth submarines as the Defence Ministry is expected to discuss the project in detail on Friday at a high-level meeting.

The Indian Navy is all set to issue a tender to acquire six lethal submarines as part of the ambitious Project 75 India, which is expected to cost more than Rs 50,000 crore. “The project proposal will be discussed at tomorrow's [Friday's] Defence Acquisition Council meeting, which will be attended by all major stakeholders from the three services and the defence ministry,” top government sources told India Today TV. The Indian Navy intends to build six conventional diesel-electric submarines under Project 75 India, which would be nearly 50 per cent larger than the Scorpene-class submarines currently under construction at Mazagon Dockyards Limited in Mumbai.