India aims to finalize submarine deal with Germany this fiscal
after close1 source ↓written by the desknot a recommendation
The Indian Navy is set to conclude negotiations for a contract for six diesel-electric submarines with Germany's ThyssenKrupp Marine Systems by March 2024. Mazagon Dockyard Limited (MDL) has reportedly significantly reduced costs during discussions, making this one of the most expensive conventional submarine contracts globally. This deal may enhance India's naval capabilities and defense sector investments.
Not investment advice. For informational purposes only.