Home FEATURED NEWS Germany, Spain in Contest for $4.8 Billion Indian Submarine Deal

Germany, Spain in Contest for $4.8 Billion Indian Submarine Deal

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Two European protection manufacturing giants are in search of to win a 400 billion rupee ($4.8 billion) order to construct submarines in India because the South Asian nation seems to strengthen its navy to counter China’s increasing naval presence within the Indo-Pacific area.

Indian officers are presently evaluating competing bids to construct six of the vessels within the nation, senior Indian officers conscious of the developments stated, asking to not be named as a result of discussions are non-public. One bid is from Germany’s Thyssenkrupp AG together with Mumbai-based Mazagon Dock Shipbuilders Limited, with the opposite was submitted by Spain’s Navantia in partnership with non-public shipyard Larsen & Toubro, the individuals stated.

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