P75 (1) Submarines and Strategic Partnership Model

The Brief places in perspective developments relating to the procurement of the P-75(I) submarines, specifically in the context of the defence procurement/acquisition procedure that sought to build indigenous capacity in the domestic private defence industry through the SPM. [...] The P-75(I) Saga While the most recent DAC approval for the Project 75(I) was in January 2019,1 the project was envisaged in the year 1999 when the Government of India contemplated indigenous construction of conventional submarines at two Indian shipyards. [...] He flagged the “huge paradigm shift” in German strategic thinking to “boost cooperation with our strategic partners outside the NATO area” in the aftermath of the Russian invasion of Ukraine and China’s expansionist behavior in the Indo-Pacific in violation of the rules-based international order.12 Ackermann noted that while the selection process for Project 75(I) was ongoing, there is a “clear wi. [...] This was especially so in the aftermath of the government allowing FDI limit in defence to 74 per cent in May 2020, from the earlier limit of 49 per cent.18 The DAP 2020 notes that the strategic partner of the FOEM has to be an Indian company ‘owned and controlled by resident Indian citizens’ and the maximum permitted foreign direct investment (FDI) shall be 49 per cent.19 Officials of the Swedish. [...] The Project 75(I) will be the acid test for atmanirbharta in India in the true sense through the SPM Model which will help realise the vision of the Government of India in the defence manufacturing space and should, therefore, be taken to its natural conclusion.