To shore up its depleting submarine fleet, India will this year issue a $11 billion global tender for building six more next generation vessels, navy chief Admiral Nirmal Verma said here Wednesday.
Navy worried about submarine force depletion
The Indian Navy’s submarine strength is projected to fall by 30 per cent in 2015 and 50 per cent in 2020, at the current pace of the acquisition process.
Expedited defense procurement held up by elections
Indian defense procurement, which had hitherto been steaming ahead via the fast track procedure for procurement is facing the prospect of delays due to the two-month long general elections slated to commence this month.
