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First three submarines to be built in India will be 95% ‘Made in India’
To increase its strength at sea, India will soon get three nuclear attack submarines. These three submarines will be 95 percent indigenous. After this, three more such submarines will be made. Indigenous submarine manufacturing capacity is going to increase drastically. The Cabinet Committee on Security is considering a proposal of about Rs 50,000 crore for indigenous construction of three nuclear submarines. These submarines will be built by the Defense Research and Development Organization (DRDO) in Visakhapatnam. This project is different from the Arihant category project. Under this project, six nuclear powered submarines are being built with the capability to launch
Indian Navy Likely Execute Orders Worth $51 billion For Subnmarines, Surface Ships In 10 Years
Union Minister of State for Defence Shripad Naik on Friday said expected orders for surface ships and submarines to be executed from 2020 to 2030 by the Indian Navy are to the tune of USD 51 billion. Naik was addressing a virtual meet on opportunities at Goa Shipyard Limited (GSL) and Mazagao Dock Shipbuilders Limited (MDSL), organised by the Confederation of Indian Industry (CII). The union minister said that more than 60 per cent of the Indian Navy’s budget is dedicated to capital expenditure and nearly 70 per cent of this capital budget has been spent on indigenous sourcing, amounting to nearly Rs 66,000
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