• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Saturday, December 13, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

India prepares to build two nuclear-powered attack submarines at cost of around $5.4bn

October 10, 2024
in Markets
India prepares to build two nuclear-powered attack submarines at cost of around $5.4bn
Share on FacebookShare on TwitterWhatsapp

NEW DELHI: India approved on Wednesday plans to construct two of a new class of nuclear-powered attack submarines, two defence officials said, in a project estimated to cost about 450 billion rupees ($5.4 billion).

As India scrambles to modernise its military in the face of China’s growing presence in the Indian Ocean region, it is focusing on boosting naval capabilities, and improving domestic weapons-making capacity.

Prime Minister Narendra Modi’s cabinet gave the go-ahead for the first two submarines of a new class of six the Indian Navy plans to make, the officials added, speaking on condition of anonymity, but stopped short of providing delivery dates.

China, the world’s largest naval force, with more than 370 ships, has been a security concern for India since ties nosedived in 2020 after 24 troops died in clashes along their Himalayan frontier.

Faster, quieter and capable of longer underwater stays than conventional diesel-powered craft, which makes them more difficult to detect, nuclear-powered attack submarines rank among the most potent naval weapons in the world.

Only a handful of nations make them now, such as China, France, Russia, and the United States.

India, which leased two nuclear-powered attack submarines from Russia in the past but since returned them, has been in talks with it to lease another.

Three die of suspected heat stroke at air force event in India’s Chennai

The new submarines will be built at the government’s shipbuilding centre in India’s southern port of Visakhapatnam.

Construction major Larsen and Toubro is also expected to join the project, one of the sources added.

They will be different from the Arihant-class nuclear-powered submarines India is now building, capable of launching nuclear weapons, the second of which was commissioned in August.

Tags: Arihant class nuclear powered submarines IndiaChinaFranceHimalayan frontierIndiaIndia build nuclear powered submarinesIndian Ocean RegionIndian Prime Minister Narendra ModiRussiasouthern port of VisakhapatnamUnited States
Share15Tweet10Send
Previous Post

Israeli forces fire on UN peacekeepers in Lebanon, wounding two

Next Post

Saudi Arabia Offers Pakistan Share of $200 Billion in Annual Construction Contracts

Related Posts

Pakistan’s solar rush unlocked $17-19bn in private investment in 8 years: study
Markets

Pakistan’s solar rush unlocked $17-19bn in private investment in 8 years: study

December 12, 2025
Oil gains on Venezuelan supply concerns, but poised for weekly loss
Markets

Oil inches lower on oversupply concerns, on track for weekly loss

December 13, 2025
ADB approves $540mn financing to advance SOE reforms, coastal resilience in Pakistan
Markets

ADB approves $540mn financing to advance SOE reforms, coastal resilience in Pakistan

December 12, 2025
S&P 500, Nasdaq set for muted open as Broadcom adds to AI bubble angst
Markets

S&P 500, Nasdaq set for muted open as Broadcom adds to AI bubble angst

December 12, 2025
Pak-Qatar Family Takaful raises Rs901mn through IPO at PSX
Markets

Pak-Qatar Family Takaful raises Rs901mn through IPO at PSX

December 13, 2025
UAE stocks ease as oil slips, profit-taking caps Dubai rally
Markets

UAE stocks ease as oil slips, profit-taking caps Dubai rally

December 12, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

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

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.