NEW DELHI: The Navy will issue a global tender for procuring six next generation submarines worth over Rs 50,000 crore by the end of this year.
"The government has cleared Project-75 India which is the next lot of six submarines... At the moment we are going with the Request for Information (RFI) process, I hope within this year we would be able to push off the tender," Navy chief Admiral Nirmal Verma told reporters on the sidelines of a submarine seminar.
Project-75 India is a follow on of the Scorpene submarine project, six of which are being built by the Mazgaon Dockyards Limited (MDL) under a Rs 20,000 crore deal with French company DCNS.
With a depleted submarine strength, the Navy is planning to induct over 12 submarines in the next 10-12 years. The plans have also suffered a setback in view of the delays in the construction of the Scorpenes in Mumbai.
