India Leasing Another Nuclear-Powered Submarine from Russia: Media Reports

Is India leasing another nuclear-powered submarine from Russia? According to reports, India is close to concluding an agreement with Moscow to lease another nuclear-powered submarine of Project 971, which should replace the Chakra submarine (the Russian name is Nerpa), since its lease is completed in the coming years. This was reported on Wednesday by the India Today.

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According to the report. the delegation of representatives of the Indian Navy recently returned from Russia, where they inspected two submarines “Bratsk” and “Samara”. In addition, they discussed the terms of the lease of the submarine, which, according to media reports, will be about $ 3.3 billion. Official confirmation of this information has not yet been reported.

The submarine of Project 971 (Akula-class, according to the NATO classification) was transferred to the 10-year leasing of the Indian Navy in 2012 after signing the corresponding document on December 30, 2011.

Joint Secretary (Finance) was also included in the MoD discussing the lease of one of the submarines which reportedly is for USD 3.3 billion (Rs 23,000 crore). Admiral Lanbaof Indian Navy also visited Russia for four days after the naval delegation where he reportedly discussed the construction of conventional submarines in India and Chakra’s lease, as per the reports.

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