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Putin India visit: New Delhi inks $2bn nuclear submarine deal with Russia

India has finalized a $2 billion deal with Russia for the lease of a nuclear-powered submarine ahead of President Vladimir Putin's visit to New Delhi, marking the conclusion of nearly ten years of negotiations. The submarine, which is significantly more advanced than India's current fleet of diesel-electric submarines, will be stationed in India for a decade.

Reuters

Reuters

Credit: A man cycles past a hoarding with images of Russian President Vladimir Putin and Indian Prime Minister Narendra Modi ahead of Putin's visit, in New Delhi.

Key Highlights

  • India leases a nuclear-powered submarine from Russia for $2 billion.
  • The submarine will be stationed in India for 10 years.
  • Negotiations for the deal have spanned nearly a decade.
  • India currently operates 17 domestically built diesel-electric submarines.
  • The deal was signed just before Russian President Putin's visit to India.
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Sources

  1. India, Russia seal $2-billion submarine deal ahead of Putin's Delhi visit
  2. Putin India visit: New Delhi inks $2bn nuclear submarine deal with Russia

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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