Monday, May 12, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

German, Indian companies sign accord on possible India submarine project

by Euro Times
June 7, 2023
in World
Reading Time: 3 mins read
A A
0
Home World
Share on FacebookShare on Twitter


German and Indian companies have signed an agreement that envisions the possible building of six military submarines for India

ByGEIR MOULSON Associated Press

Indian Defense Minister Rajnath Singh welcomes German Defense Minister Boris Pistorius in New Delhi, India, Tuesday, June 6, 2023. (AP Photo/Altaf Qadri)

The Associated Press

BERLIN — German and Indian companies signed an agreement Wednesday that envisions the possible building of six military submarines for India.

The memorandum of understanding was signed in the presence of German Defense Minister Boris Pistorius, who was in India on a visit.

The agreement calls for Germany’s Thyssenkrupp Marine Systems to engineer and design six non-nuclear submarines that would be built and delivered by India’s Mazagon Dock Shipbuilders with “significant local content.”

The German company did not give a financial value for the proposed deal, which was inked during a ceremony in Mumbai. But it said the agreement lays the foundation for possible cooperation with Mazagon to compete in an Indian navy tender.

Pistorius called it “an important signal, one could say a milestone, for a flagship project in a key technology.”

The ceremony came at the end of the a several-country Asian trip by the German minister, who called for deepening strategic ties with the region. He met his Indian counterpart in New Delhi on Tuesday, and said he advocated the potential deal during that meeting.

India has been a major buyer of arms from Russia. Pistorius, the first German defense minister to visit the country since 2015, advocates easing defense cooperation and weapons deals with India by treating it as a strategic partner like Australia or Japan.

He pointed Wednesday to the importance of cooperating with partners that are like-minded in advocating a rules-based order and the security of sea routes.

“With India, we have a democracy — with its weaknesses, one doesn’t need to hide that, but a strong democracy, a stable country in the region, just as we do with Indonesia,” Pistorius told reporters.

“Both are partners with which we … should cooperate closely, which we should trust, and whose trust we rely on,” he added.

Thyssenkrupp Marine Systems said it delivered four submarines to the Indian navy in the 1980s in cooperation with Mazagon and that the vessels are still in service today.

“We are ready when India calls,” the company’s CEO, Oliver Burkhard, said.


ABC News




Source link

Tags: AccordcompaniesGermanIndiaIndianprojectsignsubmarine
Previous Post

Doug Burgum, Wealthy North Dakota Governor, Enters Presidential Race

Next Post

Israel’s forex reserves fell in May

Related Posts

Hamas Says It Will Release Its Last American Hostage

Hamas Says It Will Release Its Last American Hostage

by Adam Rasgon and Aaron Boxerman
May 11, 2025
0

Hamas, the Palestinian armed group, mentioned on Sunday night time that it will free the final dwelling American citizen held...

US, China hail ‘substantial progress’ made in tariff talks in Geneva | Trade War News

US, China hail ‘substantial progress’ made in tariff talks in Geneva | Trade War News

by Euro Times
May 12, 2025
0

Beijing and Washington have each hailed the progress made on the finish of a weekend of closed-door discussions in Switzerland...

All the useful Latin phrases you need to know – including final word to shut down ANY conversation

All the useful Latin phrases you need to know – including final word to shut down ANY conversation

by Charlotte Oliver
May 11, 2025
0

HABEMUS papam, of us! Sure, in layman’s phrases, we have now a brand new pope.And with the pontification of Pope...

A jazz club in Johannesburg plays its last songs and laments downtown’s decline

A jazz club in Johannesburg plays its last songs and laments downtown’s decline

by ABC News
May 11, 2025
0

JOHANNESBURG -- On a Friday night in downtown Johannesburg, a world away from the genteel suburbs that embody a few...

Russian overtures welcome but ceasefire must come before peace talks, says Zelenskyy

Russian overtures welcome but ceasefire must come before peace talks, says Zelenskyy

by Samya Kullab
May 11, 2025
0

Ukrainian President Volodymyr Zelenskyy on Sunday welcomed Russia's provide for direct peace talks, however insisted there have to be a...

Turkey Ready to Host Ukraine Peace Talks

Turkey Ready to Host Ukraine Peace Talks

by Author
May 11, 2025
0

https://sputnikglobe.com/20250511/turkey-ready-to-host-ukraine-peace-talks-1122030579.htmlTurkey Able to Host Ukraine Peace TalksTurkey Able to Host Ukraine Peace TalksSputnik WorldwideTurkish President Recep Tayyip Erdogan advised French...

Next Post
Israel’s forex reserves fell in May

Israel's forex reserves fell in May

This LG monitor lives inside a stylish briefcase

This LG monitor lives inside a stylish briefcase

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

5-Day RSI Crossover Confirms alt=

5-Day RSI Crossover Confirms $0.30 Breakout Trajectory

May 12, 2025
iA Monetary Company Inc. (IAFNF) Q1 2025 Earnings Name Transcript

iA Monetary Company Inc. (IAFNF) Q1 2025 Earnings Name Transcript

May 12, 2025
Hamas Says It Will Release Its Last American Hostage

Hamas Says It Will Release Its Last American Hostage

May 11, 2025
Sorry, Trump, the economy is yours. Plus, was America ever great?

Sorry, Trump, the economy is yours. Plus, was America ever great?

May 12, 2025
Green Dot Corporation (GDOT) Q1 2025 Earnings Call Transcript

Green Dot Corporation (GDOT) Q1 2025 Earnings Call Transcript

May 11, 2025
A look at “AI-native” startups, which integrate AI into their workflows and team structures, allowing them to operate with fewer employees and consolidate tasks (Jo Constantz/Bloomberg)

A look at “AI-native” startups, which integrate AI into their workflows and team structures, allowing them to operate with fewer employees and consolidate tasks (Jo Constantz/Bloomberg)

May 12, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

5-Day RSI Crossover Confirms $0.30 Breakout Trajectory

iA Monetary Company Inc. (IAFNF) Q1 2025 Earnings Name Transcript

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In