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India moves closer to approving 6 German-made submarines deal
The US$7.3 billion Project 75(I) is expected to go before India’s Cabinet Committee on Security, which would pave the way for contract signing.
India has inched closer to final approval for a long-delayed plan to build six advanced conventional submarines with Germany, a step that could test the depth of New Delhi’s “Make in India” defense ambitions, according to SCMP Economy.
The proposed US$7.3 billion deal would have Germany’s ThyssenKrupp Marine Systems build the submarines for the Indian navy, with most construction work expected to take place at Mumbai’s Mazagon Dock Shipbuilders Ltd.
The agreement, known as Project 75(I), is expected to be reviewed by India’s Cabinet Committee on Security. Approval from the committee would clear the way for the contract to be signed.
SCMP Economy said the program was delayed for years due to lengthy evaluations of technical specifications and commercial terms, and that it is intended to transfer design and engineering know-how so India can develop a domestic submarine industrial base. The development also comes as two-thirds of India’s conventional diesel-electric submarines are more than 25 years old and nearing the end of their operational lives.