The Indian Government has sanctioned an additional Rs47bn ($1bn) for the Scorpene submarines project with France.

In 2004, India signed a Rs188bn ($4bn) deal with France for six diesel electric submarines to be constructed at the Mumbai Mazagon Dockyard.

Indian Defence minister AK Antony has attributed the delay in delivery of the submarines to initial development problems, absorption of technology, augmentation of infrastructure and procurement of materials in the shipyard.

The first submarine will be completed by 2012 with the last of the six submarines scheduled for delivery by the end of 2018.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

See Also: