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German firm TKMS eyes cheaper submarine production in India, competing for a naval contract.
ThyssenKrupp Marine Systems (TKMS) of Germany sees potential in India for building submarines and warships at lower costs, aiming to capitalize on the country's competitive labor market and growing naval defense demand.
TKMS is competing with L&T-Navantia for a contract to build six submarines for the Indian Navy, proposing a joint manufacturing center that could also produce other naval assets.
The company believes this collaboration could significantly reduce costs and establish India as a global naval manufacturing hub.
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La firma alemana TKMS ve una producción submarina más barata en India, compitiendo por un contrato naval.