First submarine, according to RFP, must be delivered 7 yrs after contract signing with 45% indigenous content, followed by one each year until programme reaches 60% localisation.
Navy hoped to finalise contract before 31 March this year, it is learnt. The additional Scorpenes are expected to be larger, more capable in terms of endurance & firepower than existing 6.
In a post on X, Mazagon said its vision is aligned with 'Maritime Amrit Kaal Vision 2047' while it works to become a 'regional maritime player' from a 'domestic shipbuilder'.
The new submarines will see certain design changes and will be similar to the one being supplied to Brazilian Navy. This also makes the 3 slightly larger than the previous 6.
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
While both India and China have carried out disengagement in Eastern Ladakh, the process of de-escalation is still under discussion & has not been agreed upon.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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