India and China will order 100 new naval ships and submarines each by 2032 due to changing global security environment and increasing reliance on the sea for trade in the strategic region, according to a US-based naval consultancy.
The new orders would include nuclear and conventional submarines and new aircraft carriers, a balanced mix of destroyers, frigates, smaller units, amphibious and logistics vessels, Coast Guard and maritime patrol forces, said Bob Nugent, the vice-president of AMI International.
The two countries combined would account for 30 by volume and 45 per cent by value of the 1048 naval vessels, worth about $200 billion, to be ordered by the Asia Pacific countries in next 20 years, he said.
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