India nears ₹90,000 crore submarine deal with Germany
after close1 source ↓written by the desknot a recommendation
- deal for six
- ₹90,000 crore
- valued at approximately
- €8 billion
India is finalizing a ₹90,000 crore deal for six next-generation submarines with Germany under Project 75I. The agreement, valued at approximately €8 billion, is expected to conclude by September 2026 pending final approvals. A government technical group will assess the technology transfer package from ThyssenKrupp Marine Systems before it goes to the Cabinet Committee on Security.
This deal is significant for India's defense capabilities and may enhance domestic submarine manufacturing.
Not investment advice. For informational purposes only.