India nears US$7.3 billion submarine deal with Germany

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India neared a final US$7.3 billion agreement with Germany’s ThyssenKrupp Marine Systems to construct six advanced conventional submarines. The proposal, known as Project 75(I), was expected to undergo review by the Cabinet Committee on Security following years of delays caused by technical and commercial evaluations. The deal aimed to facilitate production at Mumbai’s Mazagon Dock Shipbuilders Ltd to support India’s domestic defense industrial base.

Consequences

Final approval would allow India to begin replacing a conventional submarine fleet where two-thirds of vessels are over 25 years old. The project was intended to provide the Indian navy with long-term engineering capabilities to help address undersea pressure from China and Pakistan.

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