UPDATE 1-India nuclear sub project near completion-minister

Thu Feb 12, 2009 5:03pm IST

(Updates with military satellite launch)

NEW DELHI Feb 12 (Reuters) - India's project to construct three nuclear-powered submarines at a southern India naval base is near completion, officials said on Thursday. "Things are in the final stage now," A.K. Antony, India's defence minister, told reporters in the southern city of Bangalore.

"There were bottlenecks earlier, but they are over now," a defence spokesman quoted him as having said during an airshow.

The project is part of a $2.9 billion plan to build five submarines, delayed for years due to technical problems.

"All that is behind us and we are on course to complete the project in a few months and go for trials," a defence spokesman said in New Delhi.

India's Defence Research and Development Organisation is also working on submarine-launched ballistic missiles, which would be fitted into the new submarines, officials added. The country has plans to lease nuclear-powered submarines from Russia. It already has fighter aircraft and missiles capable of carrying nuclear warheads.

India is looking to spend more than $30 billion over the next five years to modernise its largely Soviet-era arms and is also trying to strengthen its navy by introducing new weapons systems.

The country is also launching its first military spy satellite next year, the head of its air force said on Thursday, as part of India's efforts to expand its space programme.

"It will take place by middle of next year," Air Chief Marshal Fali Homi Major told reporters in Bangalore. (Reporting by Bappa Majumdar; Editing by Alistair Scrutton and Sugita Katyal)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Public Health

REUTERS SHOWCASE

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Airtel Profit Jumps

Airtel Profit Jumps

Bharti Q2 net profit more than doubles   Full Article 

Leisure Riding

Leisure Riding

Harley-Davidson woos affluent young Indians with bike culture  Full Article 

Maruti Earnings

Maruti Earnings

Maruti Suzuki net profit up 29 percent, beats estimates.  Full Article 

ICICI Results

ICICI Results

ICICI Bank Q2 profit up 15 percent, beats estimates.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

End Of QE

End Of QE

U.S. Fed ends bond buying, exhibits confidence in U.S. recovery.  Full Article 

Cook Comes Out

Cook Comes Out

Apple's Cook: "I'm proud to be gay"  Full Article 

Refining Margins

Refining Margins

BPCL aims to double refining margins with refinery expansion.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage