India and Germany Are Expected to Sign the Project-75I Submarine Defence Deal Very Soon, Says German Envoy

India and Germany are expected to sign a deal for next-generation submarines “very soon”, German Ambassador to India Philipp Ackermann said on Thursday.

India and Germany are reportedly finalising an estimated 8 billion euros (over ₹90,000 crore) Project-75I submarine agreement for six next-generation conventional submarines to be built in India for the country’s navy.

Germany’s ThyssenKrupp Marine Systems (TKMS) and India’s state-owned Mazagon Dock Shipbuilders are expected to ink the agreement.

“Submarine deal, I’m very hopeful and confident that it will be signed very soon, in the next month, maybe,” Ackermann told reporters here.

He was speaking on the sidelines of an industry event organised by the Indo-German Chamber of Commerce (IGCC).

 

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[Forge&Frontline]

Delay with P75I contract is staggering. Its been almost 20 odd years and we are still awaiting new submarines for our Navy. Definitely not acceptable.
Unless Germany is giving us Type 214 submarines with VLS, these delays are not at all justified and shows that we dont prioritize our defences.

For a nation like us which is surrounded by enemies at its borders, security & defence is the first priority for the Finance Minister when planning the economic budget.