 "India to start bidding process by Oct to procure 6 submarines costing Rs 55,000 cr")
India is all set to launch the bidding process by next month for a Rs 55,000-crore mega project to build six conventional submarines for the Indian Navy to narrow the gap with China's growing naval prowess, government sources said on Sunday.
The submarines will be built in India under the much-talked-about strategic partnership model that allows domestic companies to join hands with leading foreign defence majors to produce high-end military platforms in the country and reduce import dependence.
The sources said the groundwork like specifications of the submarines and other critical requirements for issuance of the RFP (request for proposal)
