German, Indian companies near deal to build submarines in India - ET Now, citing agencies

German and Indian companies are nearing a deal to build submarines in India, ET Now reported on Tuesday, at a time when the German defence minister is on a visit to New Delhi.

India's Defence Minister Rajnath Singh and his German counterpart Boris Pistorius met on Tuesday. "India’s skilled workforce & competitive costs along with Germany’s high technologies & investment can further strengthen ties," Singh said in a statement without referring to submarines.

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