www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News Yeltsin has leg operation    US Congress approves US$51.8 bln for Katrina relief    Powell regrets prewar UN speech    Ecuador's interior minister resigns    Hantuchova, Bhuphati win mixed doubles at US Open    Kidnappers release Musa Arafat's son    
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Life/Health  
Travel  
Weather  
RSS  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones
Online marketplace of Manufacturers & Wholesalers
   News Photos Voice People BizChina Feature About us   
India clears $1.8 bln French submarines deal
www.chinaview.cn 2005-09-08 18:40:16

    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

    

  Related Story
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.