The Indian navy is likely to have agreed to lease one of Akula-2 class SSN from Russia reportedly for US $3.3 billion.
A naval delegation led by Inspector General (Nuclear Safety) Vice Admiral Soonil V Bhokare inspected two Akula-2 class submarines, the Bratsk and the Samara, India Today reported Tuesday.
The Indian navy will select one of the two hulls to lease after the Inter-Governmental Agreement (IGA) is signed between the two countries. The submarine will be put through an intensive six-year refit and rebuild, where the nuclear reactor will be replaced and a number of indigenous systems installed on board, the report stated.
The Navy single Akula-2 class submarine, the INS Chakra, was taken on a ten year lease from Russia for USD 2.5 billion in 2011. Officials said the cost of the leasing its replacement, tentatively called the Chakra-3, was worked out after considering a cost escalation using the 2011 lease amount as a base.
The INS Chakra had a shorter four- year refit between 2004 and 2008 because it did not require a reactor replacement, usually the most challenging part of a nuclear submarine's overhaul.
India has decided to ship 6 Kiran Jet trainers to Myanmar without any payment, an indian news channel, Times Now reported Saturday. Kiran Jet trainers are used by the Indian Air Force (IAF) for basic jet aircraft training
The Dubai government has ordered extradition of Christian Michel, a British national alleged to be a middleman in Indias $500 million AgustaWestland VVIP chopper deal, according to several Indian media reports. The Indian authorities are currently in Dubai to complete the legal formalities
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