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German, Indian companies sign accord on possible India submarine project

By GEIR MOULSON - Jun 07, 2023, 11:57 AM ET
Last Updated - Jun 21, 2023, 11:10 AM EDT
India Germany
ASSOCIATED PRESS

German and Indian companies have signed an agreement that envisions the possible building of six military submarines for India

BERLIN (AP) — German and Indian companies signed an agreement Wednesday that envisions the possible building of six military submarines for India. 

The memorandum of understanding was signed in the presence of German Defense Minister Boris Pistorius, who was in India on a visit.  

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The agreement calls for Germany's Thyssenkrupp Marine Systems to engineer and design six non-nuclear submarines that would be built and delivered by India's Mazagon Dock Shipbuilders with “significant local content.” 

The German company did not give a financial value for the proposed deal, which was inked during a ceremony in Mumbai. But it said the agreement lays the foundation for possible cooperation with Mazagon to compete in an Indian navy tender. 

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