DAC approves indigenous construction of 6 submarines worth Rs.40000 cr

The Defence Acquisitions Council, DAC chaired by Defence Minister Nirmala Sitharaman approved indigenous construction of six submarines worth 40 thousand crore rupees.

It is the second project under the Ministry's ambitious strategic partnership model aiming to boost the government's Make in India' program.

The first project to get the government's nod for implementation under the new model was the acquisition of 111 utility helicopters for the Navy at a cost of over 21 thousand crore rupees in August last year.

The construction of six



advanced submarines under project 75(India) will provide a major boost to submarine design and manufacturing ecosystem in India through the transfer of design, equipment technology and skill sets.

Defence Acquisitions Council has also approved the acquisition of about five thousand MILAN Anti Tank Guided Missiles for the Army.