India okays Rs. 55,000-cr submarine purchase: Report

India Newzstreet

India is getting ready to create another flutter in the arms bazaar — 10 months after it selected French firm Dassault Aviation for a $18-billion ( Rs. 99,000 crore) deal to equip the air force with Rafale fighters. rnAccording to newspaper report, this time, India will spend more than $10 billion ( Rs. 55,000 crore) to scale up the navy’s undersea combat capabilities — inducting next generation submarines — to deter China, which has more than 50 conventional submarines in its fleet, but nearly two-thirds of those are outdated.rn