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India's US$6 billion Submarine Building Plan Stalled Due to Contractor Complaints

Dec 14, 2024•over 1 year ago

Contract Type

contract

IndiaManufacturing

Description

India's US$6 billion plan to build submarines has faced a setback due to contractor complaints over proper procedures during sea tests, leading to a year delay and potential further delays. This represents a significant challenge to Prime Minister Narendra Modi’s new defence acquisition policy requiring foreign manufacturers to partner with local firms to build military hardware in India.

Company Information

Company

ThyssenKrupp Marine Systems

Location

India

About

German defence manufacturer ThyssenKrupp Marine Systems is a key player in the bid to build submarines for India, in partnership with India’s state shipyard Mazagon Dock Shipbuilders Ltd.

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