India signs a $3 billion deal with Russia for Akula class submarine "Chakra III"
R Sinduja
News Editor
Image Credit: shortpedia
India & Russia have signed a $3 billion deal for the leasing of a nuclear-powered attack submarine for the Indian Navy for 10 years. It's the 3rd Russian submarine leased to Indian Navy. As per the deal, Russia has to deliver Akula class II submarine by 2025, to be named as 'Chakra III". INS Chakra I was taken in 1988 for 3 years, Chakra II in 2012 for 10 years; its lease is about to expire & talks for extension is on.
