PM Narendra Modi is on a Europe tour. During his Europe tour, he will also visit France, where he will also meet Emmanuel Macron, the second-time President. But, even before Modi's visit to France, the major arms company Naval Group has given a big blow to India. The company has announced that it is withdrawing from the Rs 43 thousand crores P-75 India project in India.
Five international companies were shortlisted for this project, Naval Group being one of them. The group has stated that India cannot meet the conditions of the Proposal for Request (RFP), hence the company is unable to participate in the project.
43 thousand crores project
According to the report of a news website, this project is worth Rs 43 thousand crores, which is the biggest project under the new strategic partnership model. Under this project, submarines were to be built in India in collaboration with international companies and technology was to be transferred to the Indian company.
The Government of India is looking for a partner company under 'International Original Equipment Manufacturer' (IOEM) to manufacture submarines and transfer technology.
What is the P-75 Project?
This is the second project to build P-75 submarines in India. Naval Group has done this project with an Indian company named Mazagon Dockyard Shipbuilding. India had a deal with France on this project in 2005, the naval group was then called DCNS. Of the six submarines to be built, four have been commissioned into the Navy. The construction of the sixth submarine started in March-April this year. It is to be commissioned in India by the end of 2023.
Why did the French company withdraw?
According to the news website, Naval Group has expressed its inability to withdraw from this bid due to the ability of 'C-Proven' AIP fuel cells, but according to information received from IOEM, it will share its expertise and technology with Indian partners. There is nothing comfortable about sharing.
French company Naval Group India head and managing director Laurent Vaidyu issued a statement last Saturday, in which he said that the request proposal requires that the fuel cell AIP is proven to work at sea, which is Not yet, as the French Navy does not use it.
According to Laurent Vaidyu, the Naval Group has said that this group has always been ready to offer the best and special technology for the P-75 project of the Indian Navy.
UGC NET June 2025 Exam: UGC NET exam dates announced, admit card will be issued on this day; see full schedule
The National Testing Agency (NTA) has officially revised the exam dates for the UGC NET June 2025 session. As per the new notification, the exam will now be conducted from June 25 to June 29. The
Crisis deepens in Sri Lanka: No diesel left to run ambulance; Speaker said - President left the country and then reversed the statement
The political and economic crisis in Sri Lanka is deepening. Protesters have stormed the Rashtrapati Bhavan, the Prime Minister's residence, and the Secretariat and have refused to leave. They say
Mark Zuckerberg: Meta CEO Mark Zuckerberg preparing to face Elon Musk! The muscular body is seen on social media
The clash between Twitter owner Elon Musk and Meta owner Mark Zuckerberg is getting deeper. Recently Meta has introduced its new microblogging app Threads in the competition of Twitter. After this,
Will CAA be implemented or will it be banned? All petitions will be heard in the Supreme Court on March 19.
The Supreme Court has agreed to hear the petitions demanding a stay on the Citizenship Amendment Act (CAA). The court will hear these petitions on March 19.
Cemeteries submerged in Pakistan due to floods: Difficult to find burial place, people performing last rites in hills
This year floods and landslides have caused great destruction in Pakistan. In the remaining graveyard of the village, Ali Akbar is searching for solid ground between the marshy land and the green
Chaitra Navratri 2024: Chaitra Navratri starts today, learn the auspicious time and method of installing the urn
The holy festival of Chaitra Navratri starts on 9th April, in which we can liberate ourselves and our families from physical, divine, and material heat by worshiping the Supreme Brahma Shakti.
People are suffering due to severe heat across the country, when will they get relief? IMD told what will be the weather like in the next 4 days
These days, there is a severe heat wave across the country. North India is burning a lot, if we talk about the temperature of Delhi, then yesterday the temperature in the national capital crossed 40
Narendra Modi's election chariot: not just a campaign car, but a fort of facilities and security; Even bullets and bombs cannot harm PM
Prime Minister Narendra Modi recently conducted a road show in his parliamentary constituency Varanasi. Now a road show is proposed in Kolkata on Tuesday. His election chariot decorated in
America became India's largest trading partner in 2022-23, with China at number two; These countries are included in the top 5
America has emerged as India's largest trading partner in the financial year 2022-23. The increase in trade between the two countries comes at a time when ties between the US and India have grown
Sanjeev Jeeva: 20 lakh betel nut found to kill Jeeva, connection with Nepal, shooter's sensational disclosure
The wires of Vijay Yadav, the shooter who gunned down the infamous Sanjeev Jeeva, are being linked to Nepal. He had gone to Nepal a few days back. Stayed in touch with a big mafia there. He told this
