India Excludes Spain’s Navantia from €8 Billion Submarine Acquisition Program, Chooses Germany’s TKMS

Blitz Business ResearchNew Delhi, January 25: In a significant decision, the Indian Navy has excluded Spain’s Navantia from the prestigious Project 75(I) submarine acquisition program, a deal worth approximately €8 billion for the construction of six state-of-the-art conventional submarines. The contract has instead been awarded to Germany’s Thyssenkrupp Marine Systems (TKMS), in partnership with India’s…