Mazagon Dock Shipbuilders Limited (MDL) has initiated negotiations with the Indian Navy for the pivotal Project 75(I), aiming to build six advanced diesel-electric submarines in collaboration with Germany’s ThyssenKrupp Marine Systems, with a deal valued at Rs 70,000 crore. This project is crucial for modernizing India’s underwater fleet and enhancing its strategic capabilities in the Indian Ocean Region amid rising regional tensions. MDL, a debt-free company and a Navratna entity, has a rich history in shipbuilding and aims to expand its global footprint with recent investments, including acquiring a controlling stake in the Sri Lankan Colombo Dockyard. The accelerated contract negotiations reflect the urgency to bolster India’s maritime defenses.