India To Receive 6 Conventional Submarines From Russia

Photo: Bellona Foundation / Wikipedia

Sergei Chemezov, CEO of Rostec State Corporation and a close aide of President Vladmir Putin, has hinted that the Russian company is ready strike a multi-billion dollar deal with India to manufacture six conventional submarines for the South Asian country.

Speaking at a press conference in Moscow, Chemezov recently said that submarines with Air Independent Propulsion systems would be built under the P75-I project of India. According to Rostec supremo, they are eager to bag the USD 12 billion deal, as the Narendra Modi government in New Delhi has planned to invite Moscow to join various defence projects launched by the PM. Chemezov described Russia as India's "close ally" and not just a business partner, saying that Kremlin stood by India in its "darkest hours" in the past. He further said that Russia would do the same in future, if...