Navantia, L&T sign pact to jointly bid for Navy’s P75 (I) submarine programme

• Spain’s Navantia, Larsen & Toubro signed a Teaming Agreement in the premises of Spanish Embassy on July10, with the purpose of submission of a techno-commercial bid for the Indian Navy’s prestigious Project-75 (India) submarine program.
• The agreement was signed in the presence of N. Subhramanyam, L&T MD and CEO and Augustin Alvarez Blanco, Naval Construction Vice Presidet, and Member of the Board-Navantia.
• Project-75(I) is a military acquisition initiative affiliated to India’s Ministry of defence.
• The agreement was signed with the purpose of submission of a techno-commercial bid for the Indian Navy’s prestigious P-75 (India) submarine project.
• Project 75(I) of the Indian Navy requires the Indian bidder to tie up with foreign collaborator and execute the program for delivery of six conventional submarines equipped with Air-Independent Propulsion.
• Project 75(I) is considered to be India’s largest defence acquisition project with the expected at over Euro 4.8 billion.
• Project 75(I) would be the first project to be processed under the ambitious strategic partnership.
   

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Published date : 12 Jul 2023 03:27PM