It also approves procurement of air defence guns for Army at approximate cost of ₹6,000 croreThe Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, on Friday approved the issuance of a Request For Proposal (RFP) for the construction of six conventional submarines under Project-75I at an estimated cost of ₹43,000 crore. At a meeting, it also approved the procurement of air defence guns and ammunition for the Army at an approximate cost of ₹6,000 crore. The SP model of the Defence Procurement Procedure (DPP) aims to promote the role of Indian industry in manufacturing and build a domestic defence industrial ecosystem. The RFP is expected to be issued in the next couple of months, a defence official said. MDL, L&T shortlistedLast January, the DAC shortlisted Mazagon Docks Limited (MDL) and Larsen & Toubro (L&T) as the Indian partners for the deal.

Source: The Hindu June 04, 2021 08:35 UTC