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Wednesday, March 14, 2012

India’s nuclear submarine

[Akula II Class (RS Nerpa - INS Chakra)]It may seem somewhat strange for India to lease a Russian nuclear submarine, and at a heavy cost, when an earlier similar venture didn’t turn out to be smooth and when it is itself building nuclear submarines.

The 10-year lease is costing India a billion dollars. In real terms the cost will be much more. Is it India’s need? India, no doubt, gains by inducting it in its navy.

But this time, it is equally, may be more, the need of the supplier. And it also meets the strategic interests of another backer.

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