India is in final talks with Russia to lease a new nuclear attack submarine, giving a much needed boost to its depleting underwater fleet. Signaling a difference in approach by the Modi-led government, India is now looking to lease a newly built, customised submarine, unlike in the past when older vessels were refurbished and handed over.
Several sources related to the project that ET spoke with confirmed that talks on leasing a new submarine under the 'Chakra 3' project are in advanced stages and that the issue will be discussed during Prime Minister Modi's visit to Russia this week.
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