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India Is About to Sign an $8 Billion Submarine Deal With Germany. Here's Why It Took 25 Years.
India's Project 75(I) submarine programme — first conceived in the late 1990s — is now in its final stages of approval, with an approximately $8 billion deal for six conventional submarines from Germany's TKMS expected to be signed within weeks following Finance Ministry clearance on May 28, and the new Navy Chief assuming charge May 31. ₹70,000+ Cr ($8 Bn) 25+ years 6 45 Project 75(I) total contract value Time from original conception to near-final approval Conventional subm
Thoughts Initiative Team
May 293 min read
India's Warship Builder Just Bought Sri Lanka's Largest Shipyard. Here's Why It Matters.
Mazagon Dock Shipbuilders — India's premier naval shipbuilder — has completed its first international acquisition, taking a 51% controlling stake in Colombo Dockyard PLC. It is the first time an Indian shipyard has ever acquired a majority stake in an overseas facility. The move is quiet, precisely priced, and strategically significant. ₹249.5 Cr Transaction Value 51% Controlling Stake 125,000 DWT Max Dry Dock Capacity 1974 Colombo Dockyard Founded The Acquisition — What Happ
Thoughts Initiative Team
Apr 185 min read
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