The new order for two of the Indian Navy’s four HDW Type-209 submarines is expected to cost an estimated USD 200 million and the planned purchase currently awaits the Indian govt’s approval of the US Letter of Offer and Acceptance (LOA).
In purely dollar terms, the new price represents a 37 percent hike in the cost of the offer to India, but would effectively be even higher given the fall in the value of the rupee against the dollar since 2010.
The defense ministry has issued a Letter of Request to the US Government for the procurement of 145 pieces of M777 light howitzers, manufactured by BAE Systems.