Defence ministry shortlists firms for Rs 50,000 crore submarine project
Defence ministry shortlists firms for Rs 50,000 crore submarine project The shortlisted Indian entities to construct the submarines, being billed as one of biggest ‘Make in India’ projects, are L&T group and state-owned Mazagaon Docks Ltd (MDL), official sources said Current Affairs :In a huge move, the protection service on Tuesday shortlisted two Indian shipyards and five remote resistance majors for the Rs 50,000 crore task to manufacture six ordinary submarines in India for the Navy other than affirming military obtainment worth Rs 5,100 crore. The shortlisted Indian elements to build the submarines, being charged as one of greatest ‘Make in India’ ventures, are L&T gathering and state-possessed Mazagaon Docks Ltd (MDL), official sources said. Adani Defense, which was a solid contender for the task, named as P-75 I, neglected to make the cut after a point by point assessment of qualification criteria by a powerful board, they said. The uber venture is being...