Boost for Navy as MoD clears Rs 43,000 crore project to build six submarines

Giving a fillip to the Navy, the Ministry of Defence (MoD) Friday cleared a mega project to domestically build six conventional submarines equipped with state-of-the-art technology at a cost of around Rs 43,000 crore.

The submarines will be built under the much-talked-about strategic partnership model that allows domestic defence manufacturers to join hands with leading foreign defence majors to produce high-end military platforms to reduce import dependence.