Diversified German conglomerate ThyssenKrupp AG has initiated talks to partner Anil Ambani-led ADAG in building up to 12 submarines in a contract expected to be worth ₹50,000 crore.
“We are at early stage (of talks). All I can say is we have the right product to make in India. This is our offer to India and also let’s say our customer,” said ThyssenKrupp Executive Board Member Oliver Burkhard, who is responsible for the region including India.
Burkhard confirmed that he met Anil Ambani in Mumbai last month and held exploratory talks on a possible joint push. “We have requested Mr Ambani to visit our shipyard over here in Kiel (in Germany),” he said.
Players such as L&T and Mazagaon Dock are also said to be in the race for the contract, for which the Indian Navy is yet to issue request for proposal.