India Said to Approve Priciest Naval Expansion in Five Years
India is tripling its fleet of nuclear submarines in the country’s priciest naval expansion in five years, a move that comes as China increases naval activity in the Indian Ocean.
A cabinet committee on Tuesday approved plans to build six nuclear-powered submarines and seven stealth warships at a cost of about 1 trillion rupees ($16 billion), according to government officials familiar with the matter. They asked not to be named as they aren’t authorized to speak to the media.
See the full article at Bloomberg.com