top of page

Germany expects to sign submarine deal with India 'soon', says defence minister

Germany is set to soon finalize an $8 billion submarine cooperation deal with India, with Defence Minister Boris Pistorius expressing confidence that signing could happen within the next three months. The agreement is being led by German warship maker thyssenkrupp Marine Systems and India’s Mazagon Dock Shipbuilders.

April 23, 2026

Fabian Bimmer, Ulrike Heil/Reuters

Germany expects to sign submarine deal with India 'soon', says defence minister

German Defence Minister Boris Pistorius looks on as he waits to receive Ukrainian Defence Minister Mykhailo Fedorov in Berlin, Germany, April 14, 2026.

Christian Mang/Reuters

Germany expects to soon sign a final agreement with India for a planned $8 billion submarine cooperation between the two countries, Defence Minister Boris Pistorius told reporters on Wednesday (April 22).


"I am very confident that I will be able to sign it soon," Pistorius said, adding he expected a signing within the next three months.


The planned deal has been in the making for months and is spearheaded by German warship maker TKMS and India's Mazagon Dock Shipbuilders.

-Fabian Bimmer, Ulrike Heil/Reuters

TOP BUSINESS STORIES

Senator Imee Marcos grills economic officials over falling forex reserves and weaker peso

Senator Imee Marcos grills economic officials over falling forex reserves and weaker peso

Euro zone bond yields rise as oil prices climb amid Strait of Hormuz uncertainty

Euro zone bond yields rise as oil prices climb amid Strait of Hormuz uncertainty

Dolly Parton built a business empire beyond her music and fame

Dolly Parton built a business empire beyond her music and fame

LATEST NEWS

FACTBOX: Global aid pours into Nepal after devastating flash floods

FACTBOX: Global aid pours into Nepal after devastating flash floods

 DFA to PH passport applicants: No consular ops on August 31 National Heroes' Day

DFA to PH passport applicants: No consular ops on August 31 National Heroes' Day

Case filed vs. father of Zamboanga school shooter, security personnel

Case filed vs. father of Zamboanga school shooter, security personnel

bottom of page