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The Economic Times

Economy / The Economic Times

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Government pact to clear way for $10 billion submarine deal with Germany

India is set to sign a major deal for new submarines by March end. This multi-billion dollar contract with Germany will bring advanced technology. Mazagaon Dockyards Limited will build six submarines in India. The deal aims to boost India's naval capabilities and create jobs. This will help address the navy's shortage of underwater platforms.

30 Jan 2026 12:31 am