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Thyssenkrupp Marine Systems: India can be a hub for making submarines in the APAC region, says Thyssenkrupp exec

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India can be a submarine-making hub in the Asia Pacific region, said a top executive at Thyssenkrupp Marine Systems (TKMS), which claims to be the world market leader in conventional submarines.

Oliver Burkhard, CEO of TKMS, said demand for submarines is expected from Europe, South America and South Asia.

TKMS has partnered with Mazagon Dock Shipbuilders Ltd (MDL) and the two have jointly bid for the Indian Navy’s Project-75I to build six advanced submarines, which are estimated to cost over Rs 45,000 crore. These submarines are to be made while opting for significant domestic value addition. “This Indian project has the same pattern as we have for South America. India could be the hub for our technology to produce them for some other countries in the Asia Pacific,” he said.

This comes at a time when TKMS is being carved out of Thyssenkrupp Group, as the parent company invests in non-polluting technologies (such as green hydrogen) for steel making.

“Making a million tonnes of steel making capacity CO2 free will require a $1 billion investment in new facilities,” Burkhard said.

India has been insisting on a transfer of technology (ToT) clause in defence supply contracts to wean away import reliance and encourage local manufacturing.

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