Germany Grants India Special Status for Military Purchases
- On 23rd October, 2024 Germany granted special status to India to accelerate approvals for military purchases.
- The German seller TKMS is competing with Spanish firm Navantia for the Indian Navy’s six submarine deal, which is estimated to be worth over Rs. 43,000 crore.
- Historically, about 95% of India's military purchase requests were granted, but the time taken for approvals will now be reduced significantly due to the special ....
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