Thyssenkrupp, in conjunction with India's Mazagon Dock Shipbuilders, has received approval for a multi-billion-dollar contract to construct six submarines for the Indian navy. This contract follows successful trials, beating out competition from Spain's Navantia. While the project's estimated value is around $5.2 billion, there may be further financial implications. Despite this partnership, analysts suggest that India's dependence on Russian military imports remains significant, with Russia accounting for 36% of India's defense imports from 2019-2023. Experts predict more collaboration between India and Europe, contingent upon aligning requirements and pricing.
By acting in partnership, and with the support of the German and Indian governments MDL and Thyssenkrupp Marine Systems will be setting standards for a sustainable and safe maritime future.
India's reliance on the Russian military platforms continues unabated, and it has shown little desire to substantially reduce that dependence on Moscow.
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