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Weapons of Mass Destruction (WMD)

India buys Scorpene submarines from France at 'bargain price'

IRNA - Islamic Republic News Agency

New Delhi, Feb 15, IRNA
India-France-Submarines
Ruling out the involvement of any intermediaries Indian Defence Minister Pranab Mukherjee said India was buying Scorpene submarines from three French companies at a 'bargain price' of Rs 13,000 crore.

"There are actually three French companies, one of them is in the public sector, from which we are buying the submarines and not two," Mukherjee told reporters at Kolkata, capital city of West Bengal today when asked about reports of two French companies identified for the deal.

He said the deal was not overpriced as reported in a section of the media since the submarines were being acquired at a cost of Rs 13,000 crore, PTI report said here.

"Rather, we bargained with the companies and are getting the submarines at Rs 3000 crore lesser than the price initially quoted by them," he said.

Talking to reporters after chairing a council meet of the Indian Statistical Institute (ISI), Mukherjee said the government was also not aware of the involvement of any intermediaries in the deal.

To another question on the implications of the Indo-US nuclear deal, the minister said, "there is a lot of talks on how to separate military establishments from scientific bodies. People have different views. But we have not taken a final call yet."
Mukherjee said the government was talking to the scientific community before finalizing its stand on the issue.

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