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NEW DELHI, Sept. 8 (Xinhuanet) -- The Indian
government approved a multi-billion dollar arms deal to buy submarines from
France on Thursday, days before Prime Minister Manmohan Singh visits Paris, said
a defense official.
The deal, initially estimated to be worth about 1.8 billion US dollars, involves the manufacture of six Scorpene
SSK-class submarines at a naval dockyard in Mumbai.
The official, who spoke on condition of anonymity,
said, "The PM is expected to announce it in Paris next week"
The project is expected to be handled by the
marketing arm of state-owned DCN International, the main naval contractor for
France, and Thales SA, one of the world's largest defense electronics firms.
The Indian Navy is quite keen to see the project
taking off as its submarine fleet is aging and needs replacement.
The deal, when it comes through, will plug a major
gap in India's defense preparedness. However, it will take at least six years
for the first Scorpene to roll out after the contract is signed. Enditem
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