SOURCE: RAUNAK KUNDE / NEWS BEAT / IDRW.ORG
The German Defence Minister is expected to visit India next month with a formal proposal to India on its previous offer of a Government-to-Government (G2G) deal for the sale of six ThyssenKrupp Marine Systems Next-Generation submarines.
idrw.org previously reported that after Germany made an informal offer earlier this year, India requested Germany to send a formal offer because India also wants to know details of ToT and other liability conditions. After all, these submarines are to be built in Indian shipyards under licensing agreements and with ToT between Mazgaon Docks Ltd. (MDL) and Larsen & Toubro (L&T).
Due to liability clauses, ThyssenKrupp Marine Systems has decided to withdraw from the Indian Navy’s Project-75I submarine tender despite meeting the technical and financial requirements. ThyssenKrupp Marine Systems made a pitch for a G2G deal in February, with the support of the German government, and India asked them to send a formal proposal in March.
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