Tag: European Defense Giants

  • Navy

    Germany and Spain Compete for $4.8B Indian Submarine Contract: A Stride in Naval Modernization

    In a competitive bid for a substantial Rs 40,000 crore ($4.8 billion) contract, European defense giants Thyssenkrupp AG and Navantia, in collaboration with Indian shipyards, vie to construct submarines within India. This bid not only underlines India's efforts to bolster its naval capabilities but also signifies a strategic move to counter China's expanding presence in the Indo-Pacific. As the selection process unfolds, the technology transfer, self-sufficiency goals, and future prospects of this bid will shape India's trajectory in naval modernization.