The Rs 45,000 crore submarine project contest for the Indian Navy continues to throw up surprises with the last minute entry of a South Korean shipbuilder and the pulling out of Swedish company Saab after red flagging policy strictures that can potentially place unlimited liabilities on foreign vendors.
South Korean company Daewoo Shipbuilding and Marine Engineering was extended a late invitation to place technical bids for the contract last month, weeks before a visit by defence defence minister Rajnath Singh to Seoul.Read More…
