India and Germany are expected to sign a deal for next-generation submarines "very soon", German Ambassador to India <a href="https://www.mid-day.com/news/india-news/article/russia-ukraine-conflict-india-in-good-position-to-listen-to-both-sides-says-german-envoy-23416404" target="_blank" rel="none noopener">Philipp Ackermann</a> said on Thursday.
India and Germany are reportedly finalising an estimated 8 billion euros (over Rs 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 <a href="https://www.mid-day.com/news/india-news/article/indian-navy-to-commission-stealth-frigate-taragiri-on-april-3-in-boost-to-aatmanirbhar-defence-23621926" target="_blank" rel="none noopener">India's state-owned Mazagon Dock Shipbuilders</a> are expected to ink the agreement.
"<a href="https://www.mid-day.com/mumbai/mumbai-news/article/ins-mahe-commissioned-into-indian-navy-indigenous-asw-shallow-water-craft-boosts-coastal-defence-23604670" target="_blank" rel="none noopener">Submarine</a> deal, I am 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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Germany`s ThyssenKrupp Marine Systems (TKMS) and India`s state-owned Mazagon Dock Shipbuilders are expected to sign the submarine deal

India, Germany close to finalising Rs 90,000 crore submarine deal

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

India, Germany likely to sign Rs 90,000 crore submarine deal next month

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Home / Business / Business News / Article / India, Germany likely to sign Rs 90,000 crore submarine deal next month