Saturday, July 19, 2008

France offers India partnership to export submarines

France has offered India a partnership to export hi-tech submarines to third countries.

Our strategy is not only to be in India for developing products for India but to develop for others because we think that a submarine is astrategic defense system which a lot of navies are interested in developing,” Chairman and Chief excecutive Officer of DCNS Jean Marie Poimbeuf told. Submarines are counted as among the most potent defense platforms as they can operate undetected far beyond a country’s shores. The DCNS, 75 per centowned by the French government is currently building six submarines for India at Mazgaon Dock Limited (MDL), Mumbai at a cost of about Rs. 15,000 crores.
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