The long-pending proposals were cleared at a meeting of the Defence Acquisition Council (DAC), the defence ministry's highest decision making body on procurement.
The 'request for proposal' for the indigenous construction of the six submarines will be issued soon, they added.
The approval to the proposals come amid increasing hostilities by Pakistan along the Line of Control in Jammu and Kashmir as well as China's aggressive posturing in several sectors along the nearly 4,000-km-long Sino-India border.
The defence ministry also cleared the project, to acquire 5,000 Milan 2T anti-tank guided missiles for the Army.
The procurement proposals were cleared at a time India and China are locked in a bitter border standoff in eastern Ladakh.
The significant changes include devolution of powers within the ministry and the service headquarters and concurrent running of the acquisition process.
Ahead of Prime Minister Narendra Modi's visit to Russia, defence ministry's top acquisition council on Thursday cleared the purchase of an estimated Rs 40,000 crore Russian S-400 Triumf air defence missile systems, besides giving the go-ahead to other projects worth over Rs 25,000 crore.
Here's what actually might take shape as Apple CEO Tim Cook launches the iPhone 7 at the Bill Graham Civic Auditorium tonight.
The biggest procurement green-lighted was the Rs 217 billion purchase of 111 naval utility helicopters.
The utility helicopters will be used in attack missions as well as for search and rescue and surveillance operations.
The Defence Acquisition Council on Wednesday approved proposals worth Rs 4,444 crore, including the purchase of four helicopters for survey vessels at Rs 2,324 crore, but deferred a decision on a joint bid of Tata Sons Ltd and Airbus for replacing IAF's Avro transport fleet.
In a fresh bid to break the Bofors jinx, Defence Minister Manohar Parrikar on Saturday cleared proposal to acquire 814 artillery guns for Rs 15,750 crore.
The procurement is expected to address the shortage of small arms for the armed forces.
The Comptroller and Auditor General of India on Monday reported multiple irregularities in the accounts of units under the IT and telecom ministries, including purchases of hardware and software worth Rs 890 crore by NICSI in contravention of rules. In its audit report for financial years 2017-18 and 2018-19, the Comptroller and Auditor General (CAG) has flagged anomalies in the decision taken by state-run telecom firm BSNL, C-DoT, the Department of Posts, ITI Limited and CDAC that had adverse financial implications. "NICSI procured hardware and software costing Rs 890.34 crore through the 'Strategic Alliance' route in contravention of General Financial Rules, 2005 and departmental instructions and thus failed to ensure transparency and competitiveness in the procurement process," according to the CAG report tabled in Lok Sabha on Monday.
The Vice Chief of Air Staff, Air Marshal Harjit Singh Arora took part in one such operation along with HAL test pilot, Wing Commander Subash P John (retd) recently by taking-off from high altitude location to a forward area for a simulated attack on a high altitude target, the Bengaluru-headquartered company said in a statement.
The government has cleared the lone bid of Airbus-TATA consortium for replacing Indian Air Force's fleet of ageing Avro transport aircraft for Rs 11,930 crore besides approving Russia's offer to build Kamov Ka-226T helicopters under 'Make in India' initiative.
Defence projects worth a whopping Rs 80,000 crore were on Saturday cleared by the government which decided that six submarines will be made indigenously and over 8,000 Israeli anti-tank guided missiles and 12 upgraded Dornier surveillance aircraft will be purchased.
The total cost for procurement of 41,000 LMGs will be Rs 3,000 crore while over 3.5 lakh Close Quarter Battle Carbines will be bought at a cost of Rs 4,607 crore respectively, defence ministry officials said.
The proposals will help in the modernisation of the armed forces.
The final deal may be clinched by May-end.
The new policy would also allow many of the stuck programmes, like the heavy weight torpedos for the six Scorpene submarines, to move ahead with clarity.
Beating the United States, China has made a giant leap in the field of supercomputers.
More funds are expected to be allocated for the new crop insurance scheme, PMSKY and RKVY.
Seen as a major initiative, the 'strategic partnership model' aims to create a vibrant defence manufacturing ecosystem in the country through involvement of both the major Indian corporates as well as the MSME sector.
'Aakash', the world's cheapest tablet, will be fully indigenous soon and its improved version will be launched by the government at the same price.
Facing criticism over delays in military acquisitions, Government on Friday cleared proposals worth over Rs 20,000 crore for the procurement of air defence missile systems for the army and other equipment.
He said IT companies need to explore domestic market, too.
Retirement fund body EPFO will provide permanent or universal account numbers on the pattern of core banking services to its over 5 crore active subscribers.
The broad process to acquire around 7 lakh rifles, 44,000 LMGs and nearly 44,600 carbines has been finalised.
Defence minister claims MoD 'alive and kicking' after 'getting the weeds out'.
At a recent Defence Acquisition Council (DAC) meeting, chaired by Defence Minister A K Antony, the urgency in having the second production line was discussed with all seriousness and the nod for the project, codenamed Project 75I, was given, a senior Defence Ministry source said in New Delhi.
Diploma in multimedia creations (DMC) from MET Institute of Information Technology.
MET Institute of Information Technology announces admissions for Diploma in Multimedia Creations.
Kolkata-based Webel Mediatronics Ltd - a subsidiary of West Bengal Electronic Industry Development Corporation Limited, is planning to start manufacturing and designing motorised wheelchair and digital hearing aid
Not knowing English would no longer be a handicap to learn computers, thanks to a software developed by an Indian institution and an Israeli company which supports all of India's recognised languages. 'Lekhika 2007' - a software application, developed by Centre for Development of Advanced Computing (C-DAC) under India's IT ministry, and Israel's FTK Technologies, covers ten scripts and 3000 characters.
Congress action imminent against Natwar Singh when the DAC meets Tuesday night.
It will borrow Innova Crysta's engine lineup
New Delhi sought a sovereign guarantee to prevent Paris from ever citing the Arms Trade Treaty to interrupt, modify or cease delivery of the Rafale fighter at any stage.
Yes you heard it right, will you buy this Xiaomi's signature edition of its flagship Redmi K20 Pro just launched.
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