3 firms to bid for building six submarines

The MoU is a step to keep in line with the'Make In India'initiative of the government in the defence sector, it said. The agreement aims to harness the complimentary expertise of the three companies and provide the country with a credible, domestic alternative for construction of the submarines. The consortium would jointly stake claim with the Ministry for being considered as a prospective bidder for the proposed project of the Navy in partnership with OEM (foreign technology provider) for building six submarines at the Hindustan Shipyard Ltd, the release added. ... DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: Deccan Chroniclehttp://krachelart.com/UserProfile/tabid/43/userId/176067/Default.aspx