1 month ago
India, Germany Nearing Submarine Deal, Ambassador Says Soon
India and Germany are about to sign a big deal for new submarines.
The deal is worth about 8 billion euros.
Six submarines will be built in India for the Indian Navy.
German company ThyssenKrupp Marine Systems and Indian Mazagon Dock Shipbuilders will make them.
The German ambassador said the contract could be signed in the next month.
The announcement was made at a business event in India.
This deal will help India grow its navy and strengthen ties with Germany.
India and Germany are close to signing a €8 billion submarine agreement.
The deal will cover six next‑generation conventional submarines for the Indian Navy.
German company ThyssenKrupp Marine Systems and Indian Mazagon Dock Shipbuilders will build the submarines in India.
German Ambassador Philipp Ackermann said the contract could be signed within the next month.
The announcement was made at an Indo‑German Chamber of Commerce event.
- Who
- German Ambassador Philipp Ackermann, India and Germany
- What
- Agreement to build six next‑generation conventional submarines
- Where
- India, Germany, Indo‑German Chamber of Commerce event
- When
- Very soon, possibly within the next month
- Why
- To strengthen defense ties and expand India’s naval capabilities
Key facts
- Deal Value
- 8 billion euros (over Rs 90,000 crore)
- Number of Submarines
- 6
- Participants
- ThyssenKrupp Marine Systems, Mazagon Dock Shipbuilders
- Country of Production
- India
- Expected Signing Date
- Within next month
Quotes
Philipp Ackermann
German Ambassador to India
“Submarine deal, I'm very hopeful and confident that it will be signed very soon, in the next month, maybe”
thehansindia.com
Sources
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