Indian financial / defence-industrial
By lens · 2 takes across the edition
Reports the pending DRDO-Safran AMCA engine programme at Rs 61,000 crore, covering the 120-140 kN turbofan co-development with 100% technology transfer including single-crystal blade manufacturing, awaiting final CCS approval.
“India and France are set to collaborate on a Rs 61,000 crore deal for a next-generation fighter engine with full transfer of technology.”
Reports the Finance Ministry's 28 May 2026 clearance of the P75I inter-governmental agreement with Germany, covering six Type-214 AIP submarines at Rs 70,000-99,000 crore via TKMS and Mazagon Dock Shipbuilders, with Cabinet Committee on Security approval as the remaining gate.
“India's Finance Ministry cleared the P75I submarine IGA with Germany in May 2026, opening the final gate toward a Cabinet Committee on Security sign-off on one of India's largest ever defence contracts.”