Spain wants to be part of Rs 45,000 crore submarine project
Contest involving France, Russia, Germany, Sweden likely to be expanded.

Sources have told ET that while Spanish state-owned Navantia Shipbuilding Company did not participate in the request for information and pre-bidding process that includes extensive consultations with the defence ministry, it has now sent an official representation requesting that it be included in the list of Global Yards that will be sent an Expression of Interest (EOI) by the Navy.
The EOIs to Global Yards were expected to be sent early this month and a final request for proposals (RFPs) or tenders are expected by the end of this year for the project that has been named P 75I. Officials said Spain’s request could be considered positively as it is in Indian interest to broad base the selection as much as possible.
Industry analysts have, however, raised doubts on whether the request could delay the selection process and if the Spanish Yard will be able to meet the technical parameters that have been discussed and shortlisted with Global Yards already.
The Navy, which aims at a 200-ship fleet at the earliest to protect the Indian Ocean Region, is moving fast on shipbuilding projects and issued RFPs worth Rs 15,000 crore on Monday for 34 warships that are to be made in India. The largest among this, valued at Rs 13,000 crore, is for next generation missile vessels (NGMV) that will be inducted to swiftly take down shore-based and shipping targets.
MDL Frontrunner
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.