India–Germany ₹70,000 Cr Submarine Pact Nears Approval
What Happened
After years of delays, India’s Project 75 (I) submarine programme is close to clearance by the Cabinet Committee on Security (CCS). The deal, worth ₹70,000 crore (~$8 billion), will see Mazagon Dock Shipbuilders Ltd (MDL) partner with Germany’s ThyssenKrupp Marine Systems (TKMS) to build six advanced submarines equipped with Air Independent Propulsion (AIP) technology.
Key Takeaways
This landmark deal will significantly boost India’s naval strength in the Indian Ocean. The submarines, built under Make-in-India, will feature longer underwater endurance and advanced weapon systems, helping India modernize its ageing fleet and counter regional maritime threats.