India and Germany are reported to be close to signing a major defence agreement valued at about ₹90,000 crore for the construction of submarines in India. According to a report citing a German envoy, the deal is likely to be signed soon. The agreement is expected to support the building of six advanced conventional submarines in India under the Indian Navy’s Project-75I programme. The proposed arrangement is intended to enable the transfer and development of submarine construction capabilities within India, with the submarines being built domestically as part of the programme’s requirements for advanced conventional platforms.
The reports describe the deal as paving the way for the delivery of six submarines rather than specifying detailed contract timelines, exact unit pricing, or the companies involved. Both sources align on the core elements: the approximate deal value of ₹90,000 crore, the number of submarines—six—and the programme framework—Project-75I—alongside the expectation that formal agreement is nearing finalisation.