![]() He added that Germany and India plan to deepen their military cooperation. “Now it remains to be seen how the process will continue in the coming months,” Pistorius told reporters in Mumbai. Welcome to Silent Depth, the first real 3d submarine simulation for mobile devices. Pistorius called the signing a “milestone” for the planned submarine project. Pistorius is in India on a 4-day tour that began on June 6. The agreement was signed in Mumbai, in the presence of German Defence Minister Boris Pistorius, who had previously indicated that Thyssenkrupp was likely to submit a bid for the project. The military division at present operates 16 conventional submarines, 11 of which are over 20 years old, alongside two domestically developed nuclear-powered submarines. In March, the central government allocated a budget of $6.8 billion for the Indian Navy. ![]() We stand prepared to answer India's call."įollowing the announcement, ThyssenKrupp’s shares spiked 1.6 percent. We take great pride in this and eagerly anticipate further contributions to India's national security. The submarines we constructed in the 1980s are still serving the nation today. Oliver Burkhard, CEO of Thyssenkrupp Marine Systems and a member of ThyssenKrupp’s management board, expressed confidence in the partnership, stating, "We have established a strong and trusting relationship with India over the past decade. Under the terms of the collaboration, Thyssenkrupp will be responsible for the engineering and design aspects, while Mazagon Dock will oversee the construction and delivery of the six submarines that the Indian Navy has tendered, as per a statement from Thyssenkrupp. Germany's Thyssenkrupp and India's Mazagon Dock Shipbuilders have signed a memorandum of understanding (MoU) to build six submarines for the Indian Navy, estimated to be worth approximately $5.2 billion.
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