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Financial Times

India and Germany in talks on €5bn submarine deal

India and Germany are in talks about a submarine deal worth €5bn, in an effort to reduce India's dependence on Russian military equipment and to boost Germany's defence industry.

India and Germany are discussing a deal for six submarines worth €5bn, which would be manufactured in India.
Thyssenkrupp Marine Systems and Mazagon Dock Shipbuilders signed a memorandum of understanding to co-produce the vessels.
India is seeking to reduce its dependence on Russian military equipment.
The deal is expected to boost Germany's defence industry.
Russia is India's largest arms supplier, but India is trying to diversify its imports.

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