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'German, Indian companies near deal to build submarines in India'
Credit: IndiaTimes- Published on June 6, 2023
Video credit: Oneindia
Published on June 6, 2023 - 02:08
Germany to sign $5.2bn deal to manufacture submarines in India | Boris Pistorius | Oneindia News
Germany’s defence minister Boris Pistorius arrived in India on Tuesday for a two-day visit. Reports said that the top agenda of the visit is a $5.2bn deal that involves the manufacturing of six diesel submarines for the Indian Navy. The submarines will be made in India, a major win for India’s campaign to boost local defence manufacturing. The deal is expected to be announced at a time when Russia’s defence industry is struggling due to the Russia-Ukraine conflict, prompting India to look for other partners to source military hardware for its armed forces.
#BorisPistorius #Germany #India
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