Economy

India Nears ₹70,000-Crore Submarine Deal With Germany

NDTV1h
THE BRIEF
1

The Indian government is nearing a final approval for a ₹70,000-crore deal to acquire six advanced AIP-equipped submarines from Germany's ThyssenKrupp Marine Systems.

2

The project, known as 75(I), is currently awaiting a final review by the Cabinet Committee on Security (CCS) to finalize the partnership with Mazagon Dock Shipbuilders.

3

This deal aims to modernize the Indian Navy's aging fleet, with the next high-level meeting expected to resolve remaining technical and financial hurdles within the coming weeks.