Spain's Navantia, L&T sign pact to jointly bid for Indian Navy's P75 (I) submarine programme
Spain's Navantia and Larsen & Toubro on Monday signed a Teaming Agreement (TA) in the premises of the Spanish Embassy here, with the purpose of submission of a techno-commercial bid for the Indian Navy's prestigious P75 (India) submarine program. The agreement was signed in the presence of SN Subrahmanyan, L&T CEO & MD and Augustin Alvarez Blanco, Naval Construction Vice President, and Member of the Board- Navantia. Larsen & Toubro and Navantia, Spain signed a Teaming Agreement (TA) for the purpose of submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.
The agreement was signed in the presence of S N Subrahmanyan, L&T CEO & MD and Augustin Alvarez Blanco, Naval Construction Vice President, and Member of the Board – Navantia. Also present at the occasion were H.E. Mr José María Ridao Domínguez, Ambassador of Spain in India and Captain (Navy) Fernando Alvarez, Spanish Defence Attaché, along with senior officials from both L&T Defence and Navantia.
The event was held in the premises of the Spanish Embassy in New Delhi. Project 75 (I) requires the Indian bidder to tie up with a foreign collaborator (FC) and execute the program for delivery of six conventional submarines equipped with Air-Independent Propulsion (AIP), while achieving targetted Indigenous Content. Expected to be valued at over Euro 4.8 billion, the project is the India‘s largest defence acquisition project.
This would also be followed by a 30-year lifecycle sustenance contract of similar value. P75(I) would be the first program to be processed under the ambitious Strategic Partnership (SP) model of acquisition of the Ministry of Defence. L&T and Navantia signed an MoU for the program on 11 April 2023 at
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