L&T’s J.D. Patil: Project-76 submarines to be competitively priced for global export.
L&T’s J.D. Patil has highlighted India’s Project-76 submarine program, which aims to produce cost-effective, indigenous 2,500-ton submarines, enhancing India’s defense self-reliance under the Make in India initiative. He asserts that these submarines will be competitively priced compared to global counterparts, potentially enabling India to capture significant market share in the submarine export sector, particularly in regions like Southeast Asia and Africa. This strategic development is crucial as India seeks to expand its naval capabilities amidst growing maritime threats from China and Pakistan, ensuring timely fleet modernization and enhanced regional security.