1. Naval Utility Helicopters: A firm proposal has been moved by the Navy to the ministry of defence that specifies that it requires 110 naval utility helicopters, out of which 94 are to be made in India in colaboration with a foreign partner. The valuation of the contract makes it the largest 'Make in India' chopper deal to date, exceeding the Army light utility chopper deal that was given to Russia's Kamov in May and will cost over Rs 5,000 crore. As reported, 11 Indian companies, including Mahindra, Tata, L&T and Reliance, have responded to an initial request for information that was issued by the Navy earlier this year. All offered helicopters to be made in India in partnership with a foreign firm. Mahindra and Airbus have even announced discussions on the formation of a joint venture. The companies aim to form a joint venture company in the coming months for Make in India chopper contracts in what is speculated to be an exclusive contract for Airbus.
5. Go ahead for P 75I submarine tenders that will cost Rs 1 lakh crores: The shipbuilding industry is set for mega business with the government deciding to procure diesel electric submarines will be the last order to go to foreign firms and that all future projects will be designed and made in India. Leading international players, which have for long eyed India as one of the largest importer of submarines in the world, are currently in contention for the P75 I project to manufacture six new stealthy submarines in India. A top Navy officer had told ET that the government has cleared the project on the condition that all future acquisitions of conventional submarines will be based on an indigenous design and produced at Indian shipyards.