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INDIAN NAVY TO DEVELOP SUBMARINES BASED ON TKMS CLASS 214

Why in the news? Indian Navy’s submarine deal progresses: evaluation stage underway for bids from TKMS and Navantia; German government to acquire TKMS stake. source:scribd Key Points on Indian Navy’s Submarine Deal: The German government expected to acquire a stake in Thyssenkrupp Marine Systems (TKMS), manufacturer of submarines for the Indian Navy. Move aimed at …

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