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Finance

Germany expects to sign submarine deal with India 'soon', defence minister says

Published by Global Banking & Finance Review

Posted on April 22, 2026

1 min read

· Last updated: April 23, 2026

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Germany expects to sign submarine deal with India 'soon', defence minister says

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KIEL, Germany, April 22 (Reuters) - Germany expects to soon sign an final agreement with India about a planned $8 billion submarine cooperation between the two countries, Defence Minister Boris

Germany Nears $8 Billion Submarine Agreement With India, Signing Imminent

Key Developments in Germany-India Submarine Deal

Statements from German Defence Minister

KIEL, Germany, April 22 (Reuters) - Germany expects to soon sign an final agreement with India about a planned $8 billion submarine cooperation between the two countries, Defence Minister Boris Pistorius told reporters on Wednesday.

Timeline for Agreement Signing

"I am very, very confident that I will be able to sign it soon," Pistorius said, adding he expected a signing within the next three months.

Details of the Submarine Deal

Companies Involved

The planned deal has been in the making for months and is speaheaded by German warship maker TKMS and India's Mazagon Dock Shipbuilders.

Reporting and Editorial Credits

(Reporting by Fabian Bimmer and Christoph Steitz; Editing by Alex Richardson)

Key Takeaways

Germany and India are close to signing a multi‑billion‑dollar submarine deal—project P‑75I—expected within the next three months, per German Defence Minister Boris Pistorius (en.wikipedia.org).
The agreement involves German firm Thyssenkrupp Marine Systems (TKMS) partnering with India’s Mazagon Dock Shipbuilders to produce six advanced, air‑independent propulsion (AIP) diesel‑electric submarines locally under India’s ‘Make in India’ initiative (janes.com).
The deal, valued at around $8–10 billion (approximately ₹70,000–90,000 crore), includes significant technology transfer and is seen as a major step in bolstering India’s naval capability amid regional maritime challenges (en.wikipedia.org)

References

Frequently Asked Questions

What is the value of the submarine deal between Germany and India?

The submarine cooperation deal between Germany and India is valued at $8 billion.

Which companies are involved in the German-Indian submarine agreement?

German warship maker TKMS and India's Mazagon Dock Shipbuilders are leading the agreement.

When is the submarine deal between Germany and India expected to be signed?

Germany's Defence Minister expects the agreement to be signed within the next three months.

Who announced the expected signing of the submarine agreement?

Germany’s Defence Minister Boris Pistorius announced the expected signing of the deal.

Where was the announcement about the submarine deal made?

The announcement was made in Kiel, Germany.

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Germany expects to sign submarine deal with India 'soon', defence minister says

Germany Nears $8 Billion Submarine Agreement With India, Signing Imminent