Thyssenkrupp Marine Systems (TKMS) has proposed establishing a submarine and warship construction hub in India in collaboration with Mazagaon Dockyards Limited (MDL). According to a report by The Economic Times, This proposal is linked to its bid for the Indian Navy’s P75I project, which involves building six diesel-electric submarines.
The company estimates that manufacturing costs in India could be up to 50% lower than other locations, citing potential export opportunities to regions such as Southeast Asia and South America, where demand for submarines and warships is expected to rise.
The P75I contract is part of a competitive process, with TKMS-MDL facing competition from L&T, partnered with Spanish firm Navantia. A report from the technical oversight committee, which will play a critical role in the selection process, is expected by the end of January.
According to Oliver Burkhard, CEO of TKMS, the proposed hub could support future technological collaborations and generate additional orders. He suggested the initiative could serve as a strategic entry point into larger markets, with potential growth in the next decade.
Burkhard also noted that Europe’s submarine production capacity is under strain due to increased demand following the Russia-Ukraine conflict, highlighting India’s cost advantages for both domestic and export production.
The proposal has reportedly been communicated to Indian authorities through various channels. Further developments in the P75I contract process are awaited.