Key Points
Indian officials are currently evaluating competing bids to build six of the vessels in the country, senior Indian officials aware of the developments said, asking not to be named because discussions are private..
Two European defense manufacturing giants are seeking to win a Rs 40,000 crore ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter Chinas expanding naval presence in the Indo-Pacific region...
One bid is from Germanys Thyssenkrupp AG along with Mumbai-based Mazagon Dock Shipbuilders Limited, with the other was submitted by Spains Navantia in partnership with private shipyard Larsen & Toubro, the people said.. Indias Navy will go for the best and largest transfer of technology that is being offered, the people said..
When announcing the tender in July, the Ministry of Defense said it expected substantial technology transfer to Indian shipyards apart from providing the submarines with air independent propulsion a technology that helps conventional vessels stay underwater for longer...
Last July, Indias Ministry of Defense issued a tender inviting global defense manufacturers to design, develop and manufacture conventional diesel-electric-powered submarines with either government-owned Mazagon Dock Shipyard Limited or Larsen & Toubro, one of Indias biggest construction companies...
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