India Poised to Finalise Rs 1 Lakh Crore Submarine Deals to Strengthen Naval Power

ENA Sectors 2025-09-01 18:12:37 New Delhi, Sep 1 (KNN) India is preparing to finalise two major submarine procurement projects worth over Rs 1 lakh crore, aimed at boosting the Indian Navys underwater combat strength. These agreements are considered critical to enhancing Indias maritime security and countering the growing Chinese presence in the Indian Ocean. The first deal, estimated at Rs 36,000 crore, involves the purchase of three additional Scorpene-class submarines under Project-75. The vessels will be built jointly by Mazagon Dock Shipbuilders (MDL) and Frances Naval Group. Although approved by the Defence Ministry more than two years ago, the project has faced delays due to pending technical and commercial clearances. The second project, even larger in scale, is the acquisition of six next-generation diesel-electric stealth submarines under Project-75 (India), or P-75(I). This initiative, valued at about Rs 65,000 crore, was cleared in 2021 but remains in the negotiation phase. Defence officials expect the contract to be finalised within six to nine months. Combined, the two contracts represent one of the largest defence procurements under Indias Make in India initiative. The submarines are expected to provide the Navy with advanced stealth, surveillance, and strike capabilities, making them central to Indias long-term maritime strategy. While the Scorpene extension deal is nearing completion, the P-75(I) negotiations will likely take more time due to cost and technical discussions. Both agreements are projected to be sealed by mid-2026, marking a significant milestone in Indias effort to modernize its naval fleet. (KNN Bureau) 43355 https://knnindia.co.in/news/newsdetails/sectors/india-poised-to-finalise-rs-1-lakh-crore-submarine-deals-to-strengthen-naval-power 2025-09-01 18:12:37 knnindia.co.in India Poised to Finalise Rs 1 Lakh Crore Submarine Deals to Strengthen Naval Power