Germany offers to India a deal for next generation submarines manufacturing #Hindustan360

#Hindustan360

In a departure from its traditional approach to business in India, Germany is for the first time offering a military deal under the government-government umbrella for its new-generation conventional submarines that have exceptional underwater endurance. While in the past the German government had kept away from contracts being bagged by its arms industries in India, the HDW 214 submarines are being offered as a special case for Indian Navy’s requirement of six boats, which are to be made in India at an estimated cost of over Rs 60,000 crore. View more at #Hindustan360 .

While in the past the German government had kept away from contracts being bagged by its arms industries in India, the HDW 214 submarines are being offered as a special case for Indian Navy’s requirement of six boats, which are to be made in India at an estimated cost of over Rs 60,000 crore.

What does media says
Sources told ET that the formal proposal is being shared with the defence ministry in which the German government will give assurances on fair price, technology transfer and quality.

Russian and French submarines are, too, competing for the mega P 75I project, which is likely to see a private sector yard in India carry out a major chunk of the work. India will be mandating Air Independent Propulsion (AIP) – a technology that enables the submarine to remain underwater for several days at a stretch instead of coming up to surface frequently to replenish oxygen needed to burn the fuel — for the submarines.
[source – Being Indian]

#Hindustan360

View more at #Hindustan360 .

Reference

http://www.makeinindia.com/article/
http://economictimes.indiatimes.com/
http://www.independent.co.uk/news/politics-and-nation/
http://www.dnaindia.com/money/