Spain ready for full technology transfer, lowest price for indian navy

Spain Ready For Full Technology Transfer, Lowest Price For Indian Navy’s $5-Bn Submarine Deal Spain is willing to go for complete transfer of air-independent propulsion (AIP) technology for its stealth submarines built by state-owned defence giant Navantia for the Indian Navy under its $5.27 billion programme, also called Project-75 India or P-75 (I). It will also offer the boats at a much lower cost compared to Germany’s Thyssenkrupp, another key contender for the deal, ABP LIVE has learnt. After signing a teaming agreement with Larsen and Toubro in July last, year under which Navantia will be making the submarines under the government’s Make in India programme, Spain will now be sending its top defence official, Secretary of State for Defence Amparo Valcarce, to India to hold talks with her Indian counterparts. She will be undertaking the visit to India on March 7 and 8, sources told ABP LIVE. [Read more](3D/0/2) If you would prefer not receiving our emails, please [Click Here](3D)