Hindustan Shipyard Limited (HSL), Bharat Heavy Electricals Limited
(BHEL) and Mishra Dhatu Nigam Limited (Midhani) have joined hands to
form a consortium for building six conventional submarines under Project
The project is envisaged by the Ministry of Defence
under the strategic partnership Make in India model. Representatives of
HSL, BHEL and Midhani have signed an MoU in the presence of Rear Admiral
LV Sarat Babu, CMD of HSL.
The agreement between the three
companies is a step to fulfil the ‘Make In India’ initiative of the
government in the defence sector.The agreement aims at harnessing the complementary expertise of the
three companies and provide the country with a credible domestic
alternative for construction of submarines.The consortium will jointly
stake claim with the Ministry of Defence for being considered a
prospective bidder for the proposed P-75 (I) project of the Navy.