India-Germany $8 Billion Submarine Program Nears Launch As MDL And TKMS Move Towards Final Partnership Framework

India’s ambitious effort to strengthen the Indian Navy’s underwater combat capability has moved a step closer to execution, with Germany’s ThyssenKrupp Marine Systems (TKMS) and Mazagon Dock Shipbuilders Limited (MDL) making significant progress towards finalising the commercial terms of their partnership for Project-75 (India).The program, valued at approximately $8 billion, centres on the
India’s ambitious effort to strengthen the Indian Navy’s underwater combat capability has moved a step closer to execution, with Germany’s ThyssenKrupp Marine Systems (TKMS) and Mazagon Dock Shipbuilders Limited (MDL) making significant progress towards finalising the commercial terms of their partnership for Project-75 (India).The program, valued at approximately $8 billion, centres on the
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