Centre okays ₹70,000-crore deal for six submarines
India's finance ministry has approved a ₹70,000-crore deal for the construction of six advanced submarines to enhance the navy's capabilities. The deal is part of Project-75I and aims to promote self-reliance in defense manufacturing. The submarines will be built by Mazagon Dock Shipbuilders Limited and thyssenkrupp Marine Systems in Mumbai, with the first expected to be delivered seven years after the contract is signed.
- ▪The deal for six submarines is valued at ₹70,000 crore and is aimed at improving India's naval capabilities.
- ▪The submarines will feature air independent propulsion systems, enhancing their underwater endurance.
- ▪The contract will be signed under the new navy chief, Admiral Krishna Swaminathan, who takes charge on May 31.
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Centre okays ₹70,000-crore deal for six submarinesIndia's finance ministry approves a ₹70,000-crore deal for six advanced submarines, enhancing naval capabilities and promoting self-reliance in defense.Published on: May 29, 2026 4:54 AM ISTBy Sanjeev K Jha, Rahul Singh, NEW DELHIShare viaCopy link The Union finance ministry has approved a ₹70,000-crore deal to construct next-generation conventional submarines in the country to sharpen the navy’s underwater capabilities, paving the way for final clearance by the Prime Minister-headed Cabinet Committee on Security (CCS), senior officials aware of the matter said on Thursday.Centre okays ₹70,000-crore deal for six submarinesThe CCS will soon consider the proposal for building six advanced submarines under Project-75I before the deal is…
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