In picking strategic partners, defence ministry isn't spoilt for choice

Serious drawbacks were highlighted last week in the defence ministry’s so-called Strategic Partner (SP) model of procurement, when five Indian entities submitted Expressions of Interest (EoI) for being the SP in Project 75-I — the plan to build six conventional submarines for an estimated Rs 45,000 crore. There were two responses from the private sector — Larsen & Toubro (L&T) and Reliance Naval and Engineering (RNaval). Another two came from defence public sector shipyards — Mazagon Dock Ltd, Mumbai (MDL) and Hindustan Shipyard Ltd, Visakhapatnam (HSL). A fifth respons.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.