The German government is expected to take up a stake in submarine manufacturer, the TKMS, and discussions are on, it has been learnt. Meanwhile, the Indian Navy’s mega submarine deal under Project-75I, estimated to cost upwards of ₹43,000 crore, has moved to the evaluation stage with compliance checks of the two bids received, one of which is from the TKMS. …
Three weeks ahead of the deadline to submit bids for the Navy’s submarine tender under Project-75I, Spanish submarine manufacturer Navantia and India’s Larsen and Toubro on July 10 concluded a Teaming Agreement, to jointly bid for the project. They have an AIP which is a working system working more efficiently than other such systems existing worldwide.” Comment | Torpedoing a …
