Japan, Spain opt out of mega submarine project, four left in fray
NEW DELHI: Japan and Spain have opted out of India’s proposed project to build six advanced stealth submarines for an estimated Rs 70,000 crore ($10.9 billion) through a collaboration between a foreign ship-builder and an Indian shipyard.
Sources said four ship-builders, Naval Group-DCNS (France), ThyssenKrupp Marine Systems (Germany), Rosoboronexport Rubin Design Bureau (Russia) and Saab Kockums (Sweden) have responded to the initial RFI (request for information) issued by the Indian Navy for the conventional submarine programme called Project-75 (India). Mitsubishi-Kawasaki Heavy Industries combine (Japan) and Navantia (Spain), however, failed to do so before the deadline ended on Monday.
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