Defence Minister Rajnath Singh presided over a meeting of the Defence Acquisition Council that made the decision.
According to official sources, the Defence Ministry approved a massive project to build six conventional submarines for the Indian Navy at a cost of roughly Rs 43,000 crore on Friday, a decision aimed at closing the gap with China’s expanding naval might.
Defence Minister Rajnath Singh presided over a meeting of the Defence Acquisition Council (DAC) that made the decision.
The Defence Acquisition Committee (DAC) is the Ministry of Defence’s highest procurement decision-making body.
According to sources, the Request for Proposal (RFP) for the ‘P-75 India’ make-in-India project will be released soon.
Separate teams from the Defence Ministry and the Indian Navy have finished the foundation for the huge project, including submarine specs and other crucial needs, according to the sources