India Said to Approve Priciest Naval Expansion in Five Years

Bloomberg.com - 2/19/2015

India is tripling its fleet of nuclear submarines in the country’s priciest naval expansion in five years, a move that comes as China increases naval activity in the Indian Ocean. A cabinet committee on Tuesday approved plans to build six nuclear-powered submarines and seven stealth warships at a cost of about 1 trillion rupees ($16 billion), according to government officials familiar with the matter. They asked not to be named as they aren’t authorized to speak to the media.

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