The five foreign OEMs that got DAC's approval are the Naval Group of France, ThyssenKrupp Marine Systems (Germany), Navantia (Spain), Rubin Central Design Bureau (Russia), and DSME (South Korea).
The Defence Acquisition Council (DAC) on Tuesday selected Mazagon Dock Shipbuilders Limited and Larsen and Toubro (L&T) as Indian strategic partners for the Rs 45,000-crore project to build six conventional submarines in India in partnership with a foreign partner, which will provide the technology.
The Adani Group, which had bid in partnership with the public sector Hindustan Shipyard Limited, was not selected since it did not fulfill the requisite criteria, sources in Defence Ministry and the Indian Navy said.
The DAC, headed by Defence Minister Rajnath Singh, has also selected five foreign Original Equipment Manufacturers (OEMs), and the two Indian strategic partners will have to now tie up with one of the five OEMs each to bid for the project when the Request for Proposal is issued. The five foreign OEMs that got DAC's approval are the Naval Group of France, ThyssenKrupp Marine Systems (Germany), Navantia (Spain), Rubin Central Design Bureau (Russia), and DSME (South Korea).
While…
