nuclear-news

Russia to participate with India in building nuclear submarines?

Russia’s Eyes Massive Nuclear Submarine Deal with India National Interest, 29 May 15 Russia may help India build nuclear submarines and stealth warships, according to Indian media reports.

Last week India’s Economic Times reported that the Indian conglomerate Reliance Infrastructure—which owns stakes in numerous Indian defense companies—is seeking Russian assistance for programs to locally produce nuclear submarines and other stealth warships. According to the report, top Reliance executives were in Moscow last week to meet with Russian defense officials about finding a partner for a joint venture between a Russian defense company and Pipavav Defence & Offshore Engineering, India’s largest defense shipyard, which Reliance has an 18 percent stake in. Specifically, Reliance is looking for a Russian partner with the “requisite technology expertise for manufacturing warships in India.”

As the Economic Times points out, the meetings come on the heels of India’s Cabinet Committee on Security (CCS) approving a plan for an Indian company to locally manufacture six nuclear submarines and seven stealth warships. The initial investment outlay for the project was set at Rs 1 trillion ($15.67 billion.)

Although the Russian government refused to specifically confirm the report, it did sound receptive to such a possibility…….http://nationalinterest.org/blog/the-buzz/russias-eyes-massive-nuclear-submarine-deal-india-12997

May 30, 2015 - Posted by Christina Macpherson | India, marketing, Russia, weapons and war