The record
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- India and Germany are close to signing an estimated €8 billion (over Rs 90,000 crore) deal for six next-generation conventional submarines under Project-75I, with German Ambassador Philipp Ackermann saying it could be signed within the next month.
- Germany's ThyssenKrupp Marine Systems and India's Mazagon Dock Shipbuilders are expected to be the signatories.
- The submarines will be built in India for the Indian Navy, making it a major defence partnership between the two countries.
What to watch next
- Formal signing of the Project-75I agreement by TKMS and Mazagon Dock Shipbuilders
- Confirmation of the final contract value and delivery timelines
- Details on the extent of indigenisation and technology transfer for submarines built in India
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Named India · Germany · Indo-German Chamber of Commerce · Mazagon Dock Shipbuilders · Philipp Ackermann · ThyssenKrupp Marine Systems
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