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

Sakshi Education

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.