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BenchmarksCLOSED Nifty17,698.1539.15 Created with Highcharts 10.0.0 View Full Chart NSE Gainer-Large Cap Tata Elxsi10,238.05739.40 Created with Highcharts 10.0.0 View Full Chart FEATURED FUNDS ★★★★★ DSP Midcap Direct Plan-Growth 5Y Return 12.87 % Invest Now FEATURED FUNDS Pro Investing by Aditya Birla Sun Life Mutual Fund Invest Now CRYPTOCURRENCYLIVE Presented By: btcBUY NOW ₹20,69,771-1.54% Created with Highcharts 10.0.0 ethBUY NOW ₹1,67,014-3.96% Created with Highcharts 10.0.0 usdtBUY NOW ₹850.04% Created with Highcharts 10.0.0 usdcBUY NOW ₹860.05% Created with Highcharts 10.0.0 Market Watch News English EditionEnglish Editionहिन्दीગુજરાતીमराठीবাংলাಕನ್ನಡമലയാളംதமிழ்తెలుగు | Today's Paper Sign In Freedom Offer is Live! Search + Home ETPrime Markets News Industry RISE Politics Wealth Mutual Funds Tech Jobs Opinion NRI Panache ET NOW More India Decoded Web Stories Morning Brief Podcast Newsblogs Economy Agriculture Finance Foreign Trade Indicators Infrastructure Policy Industry Politics Company Corporate Trends Defence NationalInternationalIndustry More InternationalCanada NewsUK NewsUS NewsUAESaudi ArabiaBusinessWorld NewsET EvokeElectionsLok SabhaAssembly ElectionsUttar PradeshPunjabUttarakhandGoaManipurET ExplainsSportsScienceEnvironmentET TVLatest NewsMost ReadMost SharedMost Commented Business News›News›Defence›Indian P 75I submarine plan unrealistic, timelines cannot be met: Russian designers INDIAN P 75I SUBMARINE PLAN UNREALISTIC, TIMELINES CANNOT BE MET: RUSSIAN DESIGNERS SECTIONS Indian P 75I submarine plan unrealistic, timelines cannot be met: Russian designers By Manu Pubby , ET BureauLast Updated: Aug 15, 2022, 04:05 PM IST Synopsis AS REPORTED BY ET IN FEBRUARY, RUSSIA PULLED OUT OF THE RS 43,000 CRORE CONTEST FOR SIX NEW SUBMARINES UNDER PROJECT 75I THAT ARE TO BE MADE AT AN INDIAN SHIPYARD IN COLLABORATION WITH A FOREIGN TECHNOLOGY PARTNER. Agencies After pulling out of the contest for new submarines required by the Indian Navy, Russian designers say that the project is unrealistic as the desired technologies cannot be made available within the strict timelines being defined. As reported by ET in February, Russia pulled out of the Rs 43,000 crore contest for six new submarines under Project 75I that are to be made at an Indian shipyard in collaboration with a foreign technology partner. At that time `technical reasons’ were cited for the withdrawal. Elaborating on the concerns with the project, Andrey Baranov, the Deputy Director General of Rubin Design Bureau has said that the requirement is for a brand new submarine design that would present difficulties at the manufacturing stage. Rubin is the leading Russian design bureau for a range of submarines, including the Kilo class used by India. “Our major concern is that the requirements specified by the Navy and the timeline for the project are not matching. The Indian Navy would like to have the latest, state of the art submarine with powerful weapons, an Air Independent System and high stealth. No one in the world has such a submarine ready,” Baranov said at the Army 2022 exhibition. The submarine designer said that difficulties are expected to surface when the first submarine under Project 75I goes under production. “The key requirement was that the submarines have to be made in India from the beginning and if the timelines are not met, the penalties are very high. A lot of responsibility is assigned to the designers but at the same time, the designers have no influence on the construction process that will happen in India,” Baranov said. He added that several such technical considerations were behind the withdrawal from the project and that other contenders like Sweden and France are also not participating. The Indian Navy’s Project 75I has already hit several delays, with other foreign contenders and Indian partners seeking additional time to formulate their proposals. At least two time extensions have been granted by the ministry as foreign technology partners have expressed their inability to conclude talks with Indian yards, due to complex technical requirements. As reported, the Navy’s ambitious plan hit choppy waters in its early stages, with the condition of a functional Air Independent Propulsion (AIP) spelled out in the technical documents ruling out most foreign collaborators from the project. The Indian companies shortlisted for the construction – Mazagaon Dockyards Ltd (MDL) and Larsen and Toubro NSE -1.11 % (L&T) – have been in discussions with foreign technology partners from Germany, France, Russia, South Korea and Spain for the past few years to chalk out a technology transfer plan. Only Germany and South Korean participants have a functional AIP system that they can demonstrate, as it required by the Indian Navy, ruling out the rest from the competition. Monday, 15 Aug, 2022 Experience Your Economic Times Newspaper, The Digital Way! Read Complete Print Edition » * Front Page * Pure Politics * Economy * ET Markets * More * * 1 DoT Initiates Process to Auction more 5G Spectrum The Department of Telecommunications (DoT) has commenced an exercise to unlock and sell an additional 5,500 MHz of 5G spectrum, worth over ₹35,000 crore. This comes close on the heels of the government netting a record ₹1.5 lakh crore from the recently concluded auctions. NSE Tracks Insider Trading Rules Compliance A move is on to scrutinise whether large and actively traded companies are falling in line with the rules to curb insider trading, one of the scourges of the Indian stock market. 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The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. Features: * A new release every day * Stream on multiple screens * Award winning documentaries from 100+ countries * Stunning 4K & HD quality * Wide range of topics including Travel, Culture, Science, Crime, Nature, History and more * TERMS & CONDITIONS * The offer is applicable for all users buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Docubay coupon code will be sent to the registered email address within 15 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Docubay coupon code to their registered email address within 15 working days from the payment completion. * Users are required to redeem their Docubay coupon code on or before 30-6-2022. * ET Prime solely reserves the right to resolve any issue as per the company policy. In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions. * The above mentioned offers are indicative and may change over time. * A new release every day * Docubay terms and conditions shall apply at all times. ENJOY FREE SUBSCRIPTIONS & DISCOUNTED DEALS FROM TOP BRANDS TERMS & CONDITIONS * The offer is applicable for all users buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Times Prime coupon code will be sent to registered email address within 10 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Times Prime coupon code to their registered email address within 10 working days from the payment completion. * Users are required to redeem their Times Prime coupon code on or before 31-12-2022. * ET Prime solely reserves the right to resolve this issue as per the company policy. 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The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. 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In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions. * The above mentioned offers are indicative and may change over time. * A new release every day * Docubay terms and conditions shall apply at all times. 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In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at :etprime.com/terms-conditions. * Times Prime subscription offers the below benefits:- * Hotstar + Disney : 6 months subscription worth Rs. 450 * SonyLiv: 6 month subscription worth Rs. 699 * Headspace: 6 months subscription worth Rs. 449 * TOI+ : 12 months subscription worth Rs. 650 * Gaana+: 1-year subscription worth Rs. 399 * Myntra: 15% discount over & above * Uber: 20% off on rides * Chaayos: Complimentary chai * Times Prime reserves the right to add/modify/delete any of the benefits at its own discretion. * Times Prime terms and conditions shall apply at all times.. * In case of any concerns, the user may reach out to us at :care@etprime.com. The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. Features: * A new release every day * Stream on multiple screens * Award winning documentaries from 100+ countries * Stunning 4K & HD quality * Wide range of topics including Travel, Culture, Science, Crime, Nature, History and more * TERMS & CONDITIONS * The offer is applicable for all users buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Docubay coupon code will be sent to the registered email address within 15 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Docubay coupon code to their registered email address within 15 working days from the payment completion. * Users are required to redeem their Docubay coupon code on or before 30-6-2022. * ET Prime solely reserves the right to resolve any issue as per the company policy. In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions. * The above mentioned offers are indicative and may change over time. * A new release every day * Docubay terms and conditions shall apply at all times. Get One Year Docubay Subscription worth ₹999 for free Stream award-winning international documentaries from more than 100 countries. KNOW MORE Offers By Our Partners Exclusively for Members Annual plan worth ₹15000, now at 50% off ₹7500/yr Access unlimited research summaries with a research network that unites Insight Providers, Investors and Investor Relations Professionals Know More 2 Get Complete Access to with ET Prime Experience your Economic Times newspaper, the digital way. Read Today’s Print Edition 3Complimentary Stock Reports Plus worth ₹1,499 Powered By REFINITIV What you get with Stock Reports Plus? 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Covers trucking, old economy companies and new age startups. * Vikas Dandekar Editor, Pharma and Healthcare India’s pre-eminent pharma reporter with over two decades in the business * Varsha Santosh Correspondent, Money and Markets Juggling with data * Vyas Mohan Senior Sub-Editor I have 15 years of experience. I moved to ET Prime’s rewrite team from the Asia desk of Thomson Reuters. * 1 * 2 * 3 * 4 * 5 * 6 * 7 * 8 * 9 * 10 * 11 * 12 * 13 * 14 * 15 Subscribe Now FREQUENTLY ASKED QUESTIONS WHAT DO I GET WITH AN ET PRIME MEMBERSHIP? An ET Prime membership gets you • Unlimited access to all ET Prime content on all platforms • Access to in-depth reports on 4000+ stocks and complete access to ET Print Edition • Access to community discussions on ET Prime, and opportunity to become a contributor • Invites to ET Prime members-only event DO I NEED TO CREATE AN ACCOUNT TO BUY A MEMBERSHIP? 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As an ET Prime member, you will get access to ET Print Edition - The digital website of ET Newspaper. However, in order to access epaper you would need to purchase a separate subscription. The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. Features: * A new release every day * Stream on multiple screens * Award winning documentaries from 100+ countries * Stunning 4K & HD quality * Wide range of topics including Travel, Culture, Science, Crime, Nature, History and more * TERMS & CONDITIONS * The offer is applicable for all users within India buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Docubay coupon code will be sent to the registered email address within 15 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Docubay coupon code to their registered email address within 15 working days from the payment completion. * Users are required to redeem their Docubay coupon code on or before 01-06-2021. * ET Prime solely reserves the right to resolve any issue as per the company policy. In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions. * The above mentioned offers are indicative and may change over time. * Docubay terms and conditions shall apply at all times. WHY ? * Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors * Stock analysis. Market Research. 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