Government Clears Decks For 70,000 Cr 'Project 75 India' Submarine Deal With Germany
India is working on two nuclear submarines. Private sector is also involved in this program, in which Larsen & Toubro (L&T) is expected to play a major role in collaboration with the Navy's Submarine Production Center.
Government Clears Decks For 70,000 Cr 'Project 75 India: ' India's neighboring countries may be upset with this news. India is now engaged in increasing its strength in the sea as well. For this, India's Defense Ministry and the German company are going to have a meeting soon. According to an ANI report, after a delay of more than six months, the central government has approved the Ministry of Defense and Mazagon Dock Shipbuilders Limited (MDL) to start formal negotiations with Germany's ThyssenKrupp Marine Systems (TKMS) for the construction of six advanced submarines under Project 75 India (P-75I). Defense officials said that the central government has now given permission to the Defense Ministry and MDL to start negotiations for this project and it is expected to start by the end of this month. Also Read: Impact of tariff... India will stop postal services for America, new rules from August 25 If the talks progress on schedule, the final contract could be signed within six months - marking the start of one of India's most important defence projects in years.