Indian, German firms ink MoU to bid for Rs 42,000 crore deal

An MoU to cooperate in submarine production was inked between defence shipyard Mazagon Docks (MDL) and German company ThyssenKrupp Marine Systems (TKMS) on Wednesday, as a precursor to submission of a bid for the over Rs 42,000 crore project to build six diesel-electric submarines for the Navy.

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